Officials from my Department met with the association referred to by the Deputy as part of the normal pre-Budgetary consultation process in September, 2019. I have noted the issues raised and proposals made in respect of Capital Gains Tax (CGT) by the organisation in its pre-Budget submission and in particular around possible changes to the revised Capital Gains Tax Entrepreneur Relief.
The Deputy will be aware that an external evaluation of the relief was published on Budget day. I indicated in my Budget speech that I did not intend to propose any changes to the relief at this time. My decision making process was influenced by the information provided in and the conclusions of the evaluation. I have asked my Department to consider the outcome of the evaluation to determine possible changes that could be made to the relief to better support entrepreneurs and entrepreneurial activity. My Department and I are open to engagement on this specific matter.