I am advised by Revenue that the estimated yields from the standard rating of income tax reliefs costing in excess of €5 million and currently available at the marginal rate, based on data from 2019 tax returns, the latest year for which fully analysed data are available, are as shown in the following table. These estimates do not take into account any possible behavioural change on the part of taxpayers as a consequence of such a change.
Reliefs and Expenditures
|
Full Year Yield (€m)
|
Dispositions such as Maintenance Payments
|
6
|
Employing a Carer
|
2
|
Health Expenses (Nursing Homes)
|
9
|
Permanent Health Benefit Premiums
|
2
|
Employee Pension Contribution
|
516
|
Rental Deduction for Leasing of Farm Land
|
7
|
Stock Relief (General) (S666 Taxes Consolidation Act 1997)
|
2
|
Foreign Earnings Deduction
|
2
|
Donations to Charities and Approved Bodies
|
10
|
Total
|
556
|