Written answers

Thursday, 13 July 2023

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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302. To ask the Minister for Finance the estimated annual revenue generated by the defective concrete products levy; the quantum of revenue generated by the defective concrete products levy in the tax base for the years 2024, 2025 and 2026, as per the Summer Economic Statement; and if he will make a statement on the matter. [35269/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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When the design of the Defective Concrete Products Levy was agreed last year, it was estimated to raise €32 million per full year i.e. from 2024 inclusive. As this is a permanent measure it is considered to be part of the tax base.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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303. To ask the Minister for Finance the estimated revenue generated, in first and full-year terms, by increasing the rate of stamp duty to 17% with respect to the block-purchase of all residential property (including apartments), by institutional investors; and if he will make a statement on the matter. [35285/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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The Department of Finance has opened its pre-budget costings service, which 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.

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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304. To ask the Minister for Finance the estimated revenue generated, in first and full-year terms, by increasing the rate of dividend withholding tax to 33 per cent with respect to REITs and IREFs. [35286/23]

Photo of Pearse DohertyPearse Doherty (Donegal, Sinn Fein)
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305. To ask the Minister for Finance the estimated revenue generated, in first and full-year terms, by applying the 33 per cent rate of capital gains tax to the disposal of property assets by REITs and IREFs. [35287/23]

Photo of Michael McGrathMichael McGrath (Cork South Central, Fianna Fail)
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I propose to take Questions Nos. 304 and 305 together.

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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