Michael McGrath (Cork South Central, Fianna Fail)
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176. To ask the Minister for Finance the estimated full-year cost of increasing the lifetime limit on entrepreneurial relief to €15 million; and if he will make a statement on the matter. [36819/18]

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 at a CGT rate of 10%. The cost of increasing this limit to €15 million as suggested by the Deputy would be approximately €50 million in a full year. This cost is based on claims in respect of Entrepreneur Relief that were included in 2016 tax returns and does not take account of any potential behavioural change.