Kevin Humphreys (Dublin South East, Labour)
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149. To ask the Minister for Finance the projected additional yield in a full year if capital gains tax was increased from 33% to 35%, taking into account 2013 returns to date; and if he will make a statement on the matter. [41912/13]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the full year yield to the Exchequer, based on the expected outturn in 2014, from increasing the CGT tax rate from 33% to 35% could be in the region of €28 million. This figure includes corporate gains. However, this estimate assumes no behavioural changes on the part of taxpayers, and increases in rates may have a significant behavioural impact and may not produce a corresponding increase in tax yield. In current economic conditions any estimate of additional yield must be treated with caution. In addition, increasing the rate could, in theory, lead to a reduction in yield from the tax.

Kevin Humphreys (Dublin South East, Labour)
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150. To ask the Minister for Finance the projected increased yield in a full year of increasing the domicile levy to €300,000; the additional yield of restricting the amount of income tax available as a credit for the domicile levy to €100,000; the additional yield if both measures were introduced in unison; and if he will make a statement on the matter. [41927/13]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that, on the basis of Domicile Levy returns filed for 2011, the latest year available, the full year yield on a straightforward arithmetic basis of an increase in the levy from €200,000 to €300,000 could be in the region of €1.5 million.

I am also informed that, based on claims for the Income Tax credit in excess of €100,000 contained in the relevant tax returns, it is estimated that the additional yield from restricting the Income Tax credit against the Domicile Levy to €100,000 would be approximately €55,000. If the two measures were introduced together, the total additional yield could be of the order of €1,555,000.

The Domicile Levy is charge on anyone

- who in any year is Irish domiciled;

- whose worldwide income in the year exceeds €1m,

- whose Irish located property in the year is valued greater than €5m, and

- whose liability to Irish income tax for the year is less than €200,000.

Various factors, including falls in asset values and income, may reduce the numbers liable to pay the levy. Therefore an increase in the amount of the levy or a reduction to the Income Tax available as a credit against the levy may not of themselves increase the yield.

Kevin Humphreys (Dublin South East, Labour)
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151. To ask the Minister for Finance the projected additional yield in a full year if the principal private residence exemption from CGT was removed for all house sales above €500,000 and €1 million respectively, or for the portion above respectively; and if he will make a statement on the matter. [41928/13]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that, as information on the value of capital gains arising from the disposal of principal private residences is not required in capital gains tax returns, there is no dedicated basis for separately identifying the yield that would arise from the removal of the principal private residence exemption from capital gains tax for all house sales above €500,000 and €1 million respectively. Accordingly, the specific information requested by the Deputy is not available.

Kevin Humphreys (Dublin South East, Labour)
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152. To ask the Minister for Finance the projected additional yield in a full year if the CAT Agricultural relief was reduced to 80%, to 75%, or with a cap of €3 million, and then the yield if a cap of €3 million was applicable to both 80% and 75% rates respectively; and if he will make a statement on the matter. [41929/13]

Kevin Humphreys (Dublin South East, Labour)
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153. To ask the Minister for Finance the projected additional yield in a full year if the CAT Business relief is reduced to 80%, to 75%, or with a cap of €3 million; and what the yield if a cap of €3 million was applicable to both 80% and 75% rates respectively; and if he will make a statement on the matter. [41930/13]

Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 152 and 153 together.

I am informed by the Revenue Commissioners that on the basis of 2012 data, the latest available, the estimated full year yield from reducing Agricultural Relief from Capital Acquisitions Tax (CAT) from 90% to 80%, would be in the region of €8 million; the estimated yield from reducing the relief from 90% to 75% would be in the region of €12 million.

The estimated yield from reducing Business Relief from CAT from 90% to 80% would be in the region of €12.5 million; the estimated yield from reducing the relief from 90% to 75% would be in the region of €19 million.

It should be noted that these estimates are tentative because some of the potential yield from reducing these reliefs could be offset by taxpayers availing of exemption from group thresholds that would otherwise remain unabsorbed. They are also 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.

I am informed by the Revenue Commissioners that it is not possible to estimate the yield from imposing a cap on the qualifying amount for the business and agricultural reliefs for Capital Acquisitions Tax as the data in relation to these reliefs is not available in a form that would allow such estimates to be made. Accordingly, the specific information requested by the Deputy in this regard is not available.

Kevin Humphreys (Dublin South East, Labour)
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154. To ask the Minister for Finance the projected additional yield in a full year if for the purposes of determining CAT, an individual's liability could only be reduced with respect to the application of the group tax free thresholds or agricultural/business reliefs but not both; and if he will make a statement on the matter. [41931/13]

Michael Noonan (Limerick City, Fine Gael)
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I am informed by the Revenue Commissioners that figures are not captured in such a way as to provide a dedicated basis for compiling an estimate of the gain to the Exchequer from the change mentioned in the question. Accordingly, the specific information requested by the Deputy is not available.

Kevin Humphreys (Dublin South East, Labour)
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155. To ask the Minister for Finance the projected yield in 2014 if the pension levy of 0.6% was extended for a year; and if he will make a statement on the matter. [41932/13]

Michael Noonan (Limerick City, Fine Gael)
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The 0.6% levy on pension fund assets was introduced in 2011 for a period of 4 years in order to pay for the Jobs Initiative introduced by the Government in that year. The levy will therefore apply for a further year in 2014 for that purpose. On its introduction, the projected yield from the levy was estimated at €470 million in each of the 4 years. The actual yield can vary from year to year due, for example, to fluctuations in pension fund asset values.