Mary Lou McDonald (Dublin Central, Sinn Fein)
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Question 47: To ask the Minister for Finance if he will provide a progress report on the proposed reform of capital gains tax and acquisitions tax as outlined in the EU-IMF programme. [18598/11]

Michael Noonan (Limerick City, Fine Gael)
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A number of possible changes to the Capital Acquisitions Tax (CAT) and Capital Gains Tax (CGT) provisions are under consideration. The Deputy may be aware that the CAT Group tax-free thresholds were reduced by approximately 20% in Budget 2011. The level and timeframe of any changes will be determined in the context of the Budget following the comprehensive expenditure review.