Written answers

Tuesday, 19 July 2011

10:00 pm

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
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Question 118: To ask the Minister for Finance if he will provide an analysis of the capital gains tax take for the years 2007 to 2010, inclusive, split between land, property, shares and other disposals. [21039/11]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the relevant information available is a proportional breakdown by reference to asset types of the aggregate consideration underlying chargeable gains for tax years 2007 to 2009 - that is, the total selling price prior to allowing any offsets or deductions, rather than the tax take per asset category. On this basis the figures, which are based on Capital Gains Tax (CGT) returns filed by individuals who made a positive entry in the CGT panel of Form 11, are as follows:

CGT 2007 to 2009 - proportional breakdown of consideration by asset

200720082009 Provisional
Asset Type%%%
Agricultural Land10.58.58.3
Development Land8.33.72.3
Shares (Quoted )24.229.133.6
Shares (Unquoted)19.022.728.0
Commercial Property15.110.46.8
Residential Property17.217.012.3
Shares Exchanged0.51.81.0
Foreign Life0.00.00.0
Offshore Funds0.00.10.1
Other Assets5.36.77.6
Total100100100

A corresponding breakdown is not available in respect of the tax liability.

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