Fiona O'Loughlin (Kildare South, Fianna Fail)
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81. To ask the Minister for Finance the estimated amount it would cost in 2019 if the €1 million lifetime limit in qualifying gains under entrepreneur relief was increased to €6.5 million. [28963/18]

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 Section 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 the €6.5 million suggested by the Deputy would be approximately €40m in a full year. This cost is based on returns filed for the 2016 tax year, which included entrepreneur relief and does not take account of any potential behavioural change arising.