Eric Byrne (Dublin South Central, Labour)
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Question 93: To ask the Minister for Finance the estimated additional yield of capital acquisitions tax in 2011 if agricultural and business relief was reduced from 90% to 75%. [20819/11]

Eric Byrne (Dublin South Central, Labour)
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Question 94: To ask the Minister for Finance the estimated additional yield of capital acquisitions tax in 2011 if agricultural and business relief was reduced from 90% to 60%. [20820/11]

Eric Byrne (Dublin South Central, Labour)
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Question 95: To ask the Minister for Finance the estimated additional yield of capital acquisitions tax in 2011 if agricultural and business relief was reduced from 90% to 50%. [20821/11]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 93 to 95, inclusive, together.

I am informed by the Revenue Commissioners that the estimated full year yield in 2011 by reducing Agricultural Relief from Capital Acquisitions Tax (CAT) from 90% to 75%, would be in the region of €28 million; the estimated yield from reducing the relief from 90% to 60% would be in the region of €37million; and the estimated yield from reducing the relief from 90% to 50% would be in the region of €50 million.

The estimated yield from reducing Business Relief from CAT from 90% to 75% would be in the region of €10 million; the estimated yield from reducing the relief from 90% to 60% would be in the region of €22 million; and the estimated yield from reducing the relief from 90% to 50% would be in the region of €28 million.

These estimates are based on transactions recorded in 2009, the latest year for which the appropriately detailed data is currently available.

It should be noted that these estimates is based upon an assumption that there would be no behavioural impact from such changes, which could lead to a less than expected result from a change to the tax base. In addition, the realisation of any estimated yield from an increase in taxation on assets relating to property is subject to movements in the value of such assets which are currently occurring in the economy.

Eric Byrne (Dublin South Central, Labour)
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Question 96: To ask the Minister for Finance the effect on the capital acquisitions tax yield, in terms of tax forgone for the years 2005, 2006, 2007, 2008, 2009 and 2010, of the following reliefs: agricultural relief, business relief and favoured nephew and niece relief. [20822/11]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that the Exchequer cost of the reliefs mentioned by the Deputy are available for the following years as outlined below.

Corresponding estimates are not available for earlier years.