Brendan Griffin (Kerry South, Fine Gael)
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308. To ask the Minister for Finance if a person can defer payment of capital gains tax in respect of shares sold; if so, the facilities that can be put in place by the Revenue Commissioners to accommodate the taxpayer; if the taxpayer could avail of a lower rate of CGT if the rate is reduced in the following budget; and if he will make a statement on the matter. [30679/15]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by the Revenue Commissioners that there are no provisions in the Capital Gains Tax (CGT) code whereby a person can defer payment of CGT in respect of shares which are sold. The rate of CGT that will apply to the sale of the shares is the rate applying on the date the contract for the sale of the shares is entered into.