Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

107. To ask the Minister for Finance the estimated cost of expanding the CGT entrepreneurial relief to include individual external investors, such as angel investors and so on; and if he will make a statement on the matter. [28614/18]

Michael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

114. To ask the Minister for Finance the annual number of persons based on the most recent data that have availed of the entrepreneurial relief for CGT; the annual cost in this regard; and if he will make a statement on the matter. [28621/18]

Paschal Donohoe (Dublin Central, Fine Gael)
Link to this: Individually | In context | Oireachtas source

I propose to take Questions Nos. 107 and 114 together.

I am advised by the Revenue Commissioners that based on initial analysis of Capital Gains Tax (CGT) returns filed for the tax year 2016, the latest year available, approximately 410 individuals have availed of entrepreneurial relief with an estimated cost in the region of €20 million. This is provisional and likely to change as further analysis is done.

In relation to the estimated cost of expanding entrepreneurial relief to include individual external investors, it is not possible to accurately estimate the cost of the proposal as information in respect of potential taxable gains affected is not available.