Dáil Éireann Debate, Tuesday - 26 July 2022
437. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated full-year revenue that would be generated by increasing capital gains tax to 40%; and if he will make a statement on the matter. [41608/22]
Amharc ar fhreagraI am advised by Revenue that the estimated yield from increasing the rate of Capital Gains Tax (CGT) is published on page 13 of the Revenue Ready Reckoner, available at www.revenue.ie/en/corporate/documents/statistics/ready-reckoner.pdf.
While the exact changes sought by the Deputy are not provided, they can be estimated on a straight-line or pro-rata basis. These estimates do not take account of any potential change in behaviour by taxpayers in response to changes in the tax rate.
