Written answers
Thursday, 13 July 2023
Department of Finance
Tax Exemptions
Pearse Doherty (Donegal, Sinn Fein)
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281. To ask the Minister for Finance the estimated revenue raised on a first- and full-year basis of removing the capital gains tax exemption for a principle private residence where the property is sold within 12 months of its purchase, and restricting the relief by 25%, 50% and 75% in the same circumstances. [34895/23]
Michael McGrath (Cork South Central, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, this is available with effect from 3 July 2023. The procedures for availing of this service are set out in a letter dated 3 July 2023 from the Secretary General of the Department to all recognised parties and technical groups in Dáil Éireann. To ensure efficiency and fairness all costing requests should be made in this manner, via the standard request format template, instead of the Parliamentary Question system at this time.
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