Colm Burke (Cork North Central, Fine Gael) | Oireachtas source

Will the Department consider increasing the small gift exemption for capital acquisitions tax, CAT, from €3,000 to €5,000 from each person per year? This was introduced in 2003 and it has not changed since. Will consideration be given to this? It is about the redistribution of wealth. If people find that when they give money to someone, there is going to be a liability for tax, their immediate attitude is not to give that gift. It is something to consider.

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