Written answers
Wednesday, 15 July 2015
Department of Finance
Tax Yield
Pearse Doherty (Donegal South West, Sinn Fein)
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100. To ask the Minister for Finance the revenue that would be generated for the Exchequer through increasing the capital acquisitions tax rate to 34%, 35%, 36% 37%. 38%, 39%. [29517/15]
Pearse Doherty (Donegal South West, Sinn Fein)
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101. To ask the Minister for Finance the revenue that would be generated through reducing the exempt portion of the capital acquisitions tax business relief to 80%, 70%. [29518/15]
Pearse Doherty (Donegal South West, Sinn Fein)
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102. To ask the Minister for Finance the revenue that would be generated through reducing the exempt portion of the capital acquisitions tax agricultural relief to 80%, 70%. [29519/15]
Michael Noonan (Limerick City, Fine Gael)
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I propose to take Questions Nos. 100 to 102, inclusive, together.
In relation to the first question, I am advised by the Revenue Commissioners that data relating to the estimated yields for each 1% increase in the Capital Acquisitions Tax rate are available on the Revenue website at . Specifically, the information which the Deputy seeks can be found in the CAT Ready Reckoner available from .
In relation to the other questions, I am advised that the estimated yields from reducing the CAT agricultural relief and CAT business relief are also available from the Revenue Commissioners' Ready Reckoner at .
These estimates do not attempt to model behavioural effects of the policy changes.
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