Dáil Éireann Debate, Wednesday - 15 June 2022
18. Deputy Ged Nash asked the Minister for Finance the additional revenue raised from capital gains tax and capital acquisitions tax respectively when the rate increased from 25% to 30% and then to 33% for each year from 2012 to date in 2022, in tabular form; and if he will make a statement on the matter. [31051/22]
Amharc ar fhreagraI am informed by Revenue that the net receipts from Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT), at the applicable rate, are set out in the table below. The table also sets out the estimated receipts if an alternative CAT and CGT rate of 25% had applied from 2012. The Deputy should note that these estimates are straight line calculations and do not take account of any changes in behaviour that may have arisen from the changed tax rates.
The estimates for CAT receipts at the alternative rate take account of the CAT group thresholds that applied for that year.
|
Year |
CGT Receipts at Applicable Rate €m |
Estimated CGT Receipts at Alternative 25% Rate €m |
Estimated Difference between Applicable CGT Rate and Alternative 25% Rate €m |
CAT Receipts at Applicable Rate €m |
Estimated CAT Receipts at Alternative 25% Rate €m |
Estimated Difference between Applicable CAT Rate and Alternative 25% Rate €m |
|
2012 |
413 |
313 |
100 |
283 |
236 |
47 |
|
2013 |
367 |
278 |
89 |
279 |
211 |
68 |
|
2014 |
539 |
408 |
131 |
356 |
270 |
86 |
|
2015 |
692 |
524 |
168 |
400 |
303 |
97 |
|
2016 |
819 |
620 |
199 |
415 |
314 |
101 |
|
2017 |
826 |
626 |
200 |
460 |
348 |
112 |
|
2018 |
996 |
755 |
241 |
523 |
396 |
127 |
|
2019 |
1,076 |
815 |
261 |
522 |
395 |
127 |
|
2020 |
950 |
720 |
230 |
505 |
383 |
122 |
|
2021 |
1,645 |
1246 |
399 |
582 |
441 |
141 |
|
To 31 May 2022 |
369 |
280 |
89 |
104 |
79 |
25 |
The figures provided for CAT and CGT receipts in 2022 are provisional and may be subject to revision.
