Mr. Niall Cody:

Capital acquisitions tax receipts last year were €419 million. As the Deputy says, it is 1% of the total. It is an area that we are really interested in with a view to modernising the system. Most capital acquisitions tax is paid on inheritance. There are significant reliefs for passing on businesses and farms within families. Over recent years there has been evidence of abuse of some of the reliefs and some of them have been tightened in legislation. There is a real opportunity for the modernisation of the CAT system and I know that the Courts Service is looking at the modernisation of the probate system.