Written answers

Tuesday, 28 March 2017

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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110. To ask the Minister for Finance the estimated cost to the Exchequer of dividing the capital gains tax categories into passive and active and applying a 40% rate to the passive tax activity, for example, buying shares, and 35% to active engagement, for example, selling on a business. [14876/17]

Photo of Michael NoonanMichael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that, as tax returns do not provide a basis for compiling separate estimates of the amount of Capital Gains Tax liability associated with passive and active activity, there is no basis on which Revenue could provide the information requested by the Deputy. 

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