Seán Crowe (Dublin South West, Sinn Fein)
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Question 118: To ask the Minister for Finance if he has considered the introduction of tax on windfall gains from planning decisions comparable to the planning gain supplement tax introduced by the British Government. [33234/06]

Brian Cowen (Laois-Offaly, Fianna Fail)
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A 20% rate of CGT applies on the gains arising on the disposal of all assets, including land. Revenue from this source has increased from €168 million in 1997 to nearly €2 billion in 2005.

Where a windfall gain arises as a result of planning decisions, that gain is incorporated in the chargeable taxable gain. I have no plans to introduce a separate tax to deal with that element.