Michael McGrath (Cork South Central, Fianna Fail)
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71. To ask the Minister for Finance the cost in each year, from 2010 to 2014, of the tax exemption under section 1003 of the Taxes Consolidation Act; the number of persons who availed of the scheme during each year; if he will provide details of their donations; and if he will make a statement on the matter. [7613/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that the following donations have been made under the provisions of section 1003 of the Taxes Consolidation Act 1997 in the period 2010 to 2013.

2010

3 paintings, painted by Hughie O'Donoghue entitled: "Raft", "Medusa" and "The Narrow Sea" valued at €190,000, resulting in a tax credit of €152,000.

2011

The Seamus Heaney Archive valued at €1.75 million, resulting in a tax credit of €1.4m.

2012

The memorabilia of Major John McBride and Mr. Séan McBride valued at €152,350, resulting in a tax credit of €121,880.

2013

The Headfort Mirrors Collection valued at €375,000, resulting in a tax credit of €300,000.

Since 2009, the tax credit available to the donor of heritage items is an amount equal to 80% of the market value of such items. The total tax credit available as a result of donations made under section 1003 of the Taxes Consolidation Act 1997 in the period 2010 to 2013 is €1,973,880.

Details of donations for 2014, will be included in the Revenue Commissioners annual report to the Minister for Finance for that year, in accordance with the provisions of section 1003(12) of the Taxes Consolidation Act 1997.