Written answers

Tuesday, 18 May 2021

Photo of Cian O'CallaghanCian O'Callaghan (Dublin Bay North, Social Democrats)
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306. To ask the Minister for Finance the amount of relief that has been granted to date under section 604A of the Taxes Consolidation Act 1997 introduced in the Finance Act 2012 which provides capital gains tax relief on property bought between 7 December 2011 and 31 December 2014, in tabular form; and if he will make a statement on the matter. [26122/21]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the following information is available in respect of claims under s604A up to the tax year 2018:

Number of claimants  Amount Claimed € Exchequer Cost €
632 342  113 

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.

Further information is published under the Statistics section of the Revenue website in the publication 'Statistics on the Relief on Disposal of Certain Land or Buildings (Section 604A)'. An update of this publication will be available shortly, when the 2019 tax returns are fully analysed.

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