Written answers
Thursday, 22 April 2021
Department of Finance
Tax Data
Gerald Nash (Louth, Labour)
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24. To ask the Minister for Finance the number of persons who have availed of capital gains tax relief on properties acquired between 7 December 2011 and 31 December 2014; the average amount of relief per person; the county or country in which the relief was granted in tabular form; and if he will make a statement on the matter. [20889/21]
Paschal Donohoe (Dublin Central, Fine Gael)
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At the outset, I am assuming that the Deputy is referring to Capital Gains Tax (CGT) relief under Section 604A of the Taxes Consolidation Act, 1997.
I am advised by Revenue that the latest available data available is for the tax year 2018, which is published on the Revenue website. Information in respect of the number of claimants and the amount of relief claimed is replicated below. The location of disposed properties is not available from tax returns information.
| Range of Gain Relieved | No. of Claimants | Amount Claimed (€m) | Exchequer Cost (€m) |
|---|---|---|---|
| €1 - €20,000 | 202 | 1.0 | 0.3 |
| €20,001 - €40,000 | 76 | 2.3 | 0.8 |
| €40,001 - €60,000 | 55 | 2.7 | 0.9 |
| €60,001 - €80,000 | 45 | 3.1 | 1.0 |
| €80,001 - €100,000 | 30 | 2.7 | 0.9 |
| €100,001 - €200,000 | 77 | 11 | 3.6 |
| €200,001 - €500,000 | 69 | 20.8 | 6.9 |
| €500,001 - €1,000,000 | 28 | 18.9 | 6.2 |
| €1,000,000 + | 50 | 279.1 | 92.1 |
| Total | 632 | 342 | 113 |
An update of the published information will be available over the next few months, when the 2019 CGT returns are fully analysed. It should be noted that the cost shown is only in respect of claims on tax returns filed and does not include any cost associated with property not yet disposed of or included in CGT returns that may become available at a later date.
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