Joanna Tuffy (Dublin Mid West, Labour)
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Question 99: To ask the Minister for Finance if he will publish his Department's methodology in calculating the expected yield tax profile for capital acquisitions tax for 2011 and 2012. [1855/12]

Joanna Tuffy (Dublin Mid West, Labour)
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Question 100: To ask the Minister for Finance in estimating the expected yield from capital acquisitions tax for the years 2008 to date in 2012, if he will give details of the assumptions made by him under each of the following headings, number of deaths, number of transfers to spouses only, total value of the assets of all deceased, total value of assets transferred to spouses, total value of assets transferred to those other than spouses, the number of taxable gifts and their collective value, the total number of taxable inheritances, the numbers of claims for business and agricultural relief and the costs of the exemptions granted such claims, the number of claims for favoured nephew status and the number of claims in respect of the relief on dwelling houses. [1856/12]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 99 and 100 together.

In preparing forecasts for capital acquisition tax receipts, the methodology adopted by my Department involves the estimate of the outturn for the outgoing year. This becomes the base for the preparation of the projection for the forecast year. The resulting projected outturn is then adjusted as necessary to take account of the effects of previous Budget measures which may have a pass-through effect or any known one-off factors likely to impact upon the yield. To this resulting "cleaned" base a macroeconomic multiplier, in this case the estimated nominal GNP growth rate is applied. The impact of any Budget day policy measures are also incorporated.

Accordingly, projections for capital acquisition tax receipts are not produced by reference to details of the numbers of deaths, gifts, property values, reliefs and exemptions. Therefore it is not possible to provide the data requested by the Deputy in relation to the above mentioned factors.

The illustrative table below presents the Department's projections for capital acquisition tax against outturn for the 2008 – 2011 period. The projections in each of the past two years have been reasonably robust with very minor shortfalls against target recorded in both 2010 and 2011. It should be pointed out that over the 2008 – 2009 period the Irish economy was subject to unprecedented volatility which impacted adversely upon the nominal GNP growth rates. Hence the forecasting performance was not as robust in those years. It should be noted that the 2008 report of the Tax Forecasting Methodology Review Group found that the Department's tax forecasting methodology in line with international practice.

* Supplementary Budget - April 2009

The Budget 2012 estimate of receipts from capital acquisitions tax in 2012 is €295 million.

Joanna Tuffy (Dublin Mid West, Labour)
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Question 101: To ask the Minister for Finance if he will provide an analysis of the capital acquisitions tax take for the years 2009 and 2010 inclusive, indicating the value of gifts or inheritances under the various thresholds and the tax take under each threshold. [1857/12]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the breakdown of yield from Capital Acquisitions Tax (CAT) for the years in question is as follows:

On the basis of the taxable values of gifts or inheritances liable to tax, the breakdowns of the 2009 and 2010 yield from Inheritance tax and Gift tax by Group Thresholds A, B and C are estimated as follows: