Michael McGrath (Cork South Central, Fianna Fail)
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173. To ask the Minister for Finance the full year cost of reducing the life assurance exit tax from 41% to 39%; and if he will make a statement on the matter. [34205/17]

Michael McGrath (Cork South Central, Fianna Fail)
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174. To ask the Minister for Finance the full year cost of reducing DIRT from 39% to 37%; the cost of reducing the life assurance exit tax from 41% to 37%; and if he will make a statement on the matter. [34206/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 173 and 174 together.

I am informed by Revenue that it is estimated the cost of reducing the Life Assurance Exit Tax rate from 41% to 39% and 37% would be in the order of €11 million and €22 million respectively.

As the Deputy is aware, in Budget 2017 I announced that the rate of DIRT will be decreased by two percentage points each year for the next 4 years until it reaches 33 per cent.  This will cost €9 million in 2017 and an estimated full year cost of €36 million which will incur in 2020.

Michael McGrath (Cork South Central, Fianna Fail)
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175. To ask the Minister for Finance the full year cost of increasing the lifetime limit for CGT entrepreneur relief to €1 million, €5 million, €10 million and €15 million, respectively; and if he will make a statement on the matter. [34207/17]

Paschal Donohoe (Dublin Central, Fine Gael)
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It is assumed that the Deputy is referring to the Revised Entrepreneur Relief provided for in s. 597AA of the Taxes Consolidation Act 1997. I am advised by Revenue that the current lifetime limit applicable to this relief is €1 million in chargeable gains. The cost of increasing this limit to each of the amounts suggested by the Deputy is shown in the following table: