Richard Bruton (Dublin North Central, Fine Gael)
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Question 25: To ask the Minister for Finance the revenue from applying capital gains tax of 20% to the proceeds in excess of €1 million, €1.5million and €2 million respectively of sales of principal private residences. [34432/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that as information on the value of capital gains arising from the disposal of principal private residences are not required in capital gains tax returns there is no dedicated basis for separately identifying the yield that would arise from applying capital gains tax to sales of principal private residences. Accordingly, the specific information requested by the Deputy is not available.

Richard Bruton (Dublin North Central, Fine Gael)
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Question 26: To ask the Minister for Finance the cost of cutting the rate of corporation profits tax to 11% and 10% respectively. [34433/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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I am informed by the Revenue Commissioners that the full year cost to the Exchequer, estimated in terms of projected yield in 2009, of corporation tax forgone through reducing the standard rate of corporation tax from 12.5 per cent to 11 per cent and from 12.5 per cent to 10 per cent is tentatively estimated to be of the order of €445 million and €740 million, respectively.