Written answers

Thursday, 13 July 2023

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

283. To ask the Minister for Finance the estimated aggregate value of share buybacks in each of the years 2018 to 2022; if the Revenue Commissioners collect such data; and if he will make a statement on the matter. [34897/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

I am advised that Revenue does not have comprehensive data on share buy-backs as there is no statutory requirement in place for such data to be provided to them. However, based on information provided to Revenue in relation to the stamp duty treatment of such transactions and on publicly available information, Revenue estimates that the aggregate value of share buybacks in each of the years 2018 to 2022 was as follows:

2022€204 million

2021€56 million

2020€6 million

2019€28 million

2018€80 million.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
Link to this: Individually | In context | Oireachtas source

284. To ask the Minister for Finance the estimated revenue raised by the vacant homes tax in 2023 and 2024; and if it is in the revenue base for 2024 as per the Summer Economic Statement. [34898/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
Link to this: Individually | In context | Oireachtas source

At the time of Budget 2023, the Vacant Homes Tax was estimated to raise approximately €3 million per year. As this is a permanent measure it is considered to be part of the tax base.

Comments

No comments

Log in or join to post a public comment.