Robert Troy (Longford-Westmeath, Fianna Fail)
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113. To ask the Minister for Finance the estimated first year and full-year cost of a proposal by an organisation (details supplied). [40101/19]

Robert Troy (Longford-Westmeath, Fianna Fail)
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114. To ask the Minister for Finance the estimated first year and full-year cost of a proposal by an organisation (details supplied). [40104/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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I propose to take Questions Nos. 113 and 114 together.

I am advised by Revenue that information is not available on tax returns that separately identifies business assets and share disposals from other qualifying assets for retirement relief. Also, to estimate the cost of the proposals would require information on the gains made on disposal of the assets. For these reasons, it is not possible to accurately estimate the cost associated with removing the caps as outlined by the Deputy.

Robert Troy (Longford-Westmeath, Fianna Fail)
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115. To ask the Minister for Finance the estimated first and full-year cost of a proposal by an organisation (details supplied); and the estimated number of persons that are liable to the levy in question. [40105/19]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that approximately 25,000 taxpayer units (spouses or civil partners opting for joint assessment are counted as one unit) are liable to the 3% USC (Universal Social Charge) surcharge, which applies to non-PAYE income in excess of €100,000. The cost of abolishing this surcharge is estimated at €69 million in the first year and €128 million in a full year.

These estimated figures are based on projected 2020 incomes, calculated on actual data for the year 2017, and may be revised when more recent data become available. The estimates do not account for any behavioural effects that might result from the proposal.