Dáil Éireann Debate, Tuesday - 24 July 2018
327. Deputy Joan Burton asked the Minister for Finance the cost to date of the CGT entrepreneur relief by year; the projected cost in 2018 and 2019; his plans to make changes to this relief; and if he will make a statement on the matter. [34858/18]
Amharc ar fhreagraIt is assumed that the Deputy is referring to the revised Entrepreneur Relief provided for in Section 597AA of the Taxes Consolidation Act 1997.
I am advised by the Revenue Commissioners that the provisional cost of the revised Entrepreneur Relief for 2016, based on the latest data available, is in the region of €20m with approximately 400 individuals claiming the relief. This is provisional and likely to change as further analysis is done.
In general, consideration of Capital Gains Tax changes, including any changes to individual CGT reliefs, are undertaken within the annual Budgetary and Finance Bill process. As is normal, the Deputy will appreciate that I cannot comment on any possible changes in advance of the 2019 Budget. In addition, it would be impossible for me to comment on any possible changes in respect of future Budgets.
