Written answers

Tuesday, 16 July 2013

Photo of Pearse DohertyPearse Doherty (Donegal South West, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

271. To ask the Minister for Finance if capital gains tax is collated in such a way as to be able to determine the revenue that would be raised if capital gains tax was higher on vacant land that has benefitted in value from rezoning-planning developments; and what the revenue would be if capital gains tax on those occasions was charged at 50%, 60%, 70% and 80% respectively. [34931/13]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I am advised by the Revenue Commissioners that they do not have any data on “vacant land”. I am further advised that the Central Statistics Office and the Minister for the Environment, Community and Local Government do not have data on undeveloped land which would enable a yield from a higher rate of CGT, as proposed, to be estimated.

Comments

No comments

Log in or join to post a public comment.