Dáil Éireann Debate, Wednesday - 16 September 2020
34. Deputy Paul Murphy asked the Minister for Finance the estimated revenue that could be raised from the imposition of an emergency 3% Covid-19 tax on the total assets of natural persons, whatever the legal form of tenure, of €1 million and over, rising to a 5% tax on assets of €10 million and over. [24295/20]
Amharc ar fhreagra35. Deputy Paul Murphy asked the Minister for Finance the estimated revenue that could be raised from the imposition of an emergency 3% Covid-19 tax on the assets of investment funds and holding companies. [24296/20]
Amharc ar fhreagra36. Deputy Paul Murphy asked the Minister for Finance the estimated revenue that could be raised from the imposition of an emergency 3% Covid-19 tax on the market value of all property transfers by legal persons. [24297/20]
Amharc ar fhreagra37. Deputy Paul Murphy asked the Minister for Finance the estimated revenue that could be raised from the imposition of an emergency 2% Covid-19 tax on the market value of property transfers by natural persons of €1 million and over. [24298/20]
Amharc ar fhreagraI propose to take Questions Nos. 34 to 37, inclusive, together.
I am informed by Revenue that information in respect of the total assets held by individuals, investment funds and holding companies is not available and therefore an estimate of the yield from the introduction of an emergency tax as proposed in Questions 24295-20 and 24296-20 cannot be provided.
In relation to Questions 24297/20 and 24298/20, the available information relates to property transactions subject to Stamp Duty. I am informed the estimated the yield from varying the rate of Stamp Duty on residential and non-residential property is shown at page 18 of the Revenue Ready Reckoner available at: https://www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx. I am further advised that Stamp Duty returns do not categorise purchasers by category such as natural or legal person.
