Written answers
Thursday, 25 September 2014
Department of Finance
Tax Reliefs Cost
Michael McGrath (Cork South Central, Fianna Fail)
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62. To ask the Minister for Finance the cost of increasing the threshold for capital acquisitions tax category A from €225,000 to €250,000 and €275,000 respectively; and if he will make a statement on the matter. [36230/14]
Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the estimated full year cost to the Exchequer from increasing the threshold for Capital Acquisitions Tax Category A from the current €225,000 to €250,000 is €12 million and from €225,000 to €275,000 is €24 million.
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