Roderic O'Gorman (Dublin West, Green Party)
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331. To ask the Minister for Finance the number of persons who have declared profits to the Revenue Commissions from cryptocurrency investments, in each of the past five years; to indicate the amount of capital gains tax and capital acquisitions tax paid on such investments, in each of the past five years; and if he will make a statement on the matter. [25271/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that statistics in respect of Capital Gains Tax (CGT) for recent years, including information on specific asset disposals that give rise to taxable gains, is published on the Revenue website at: www.revenue.ie/en/corporate/documents/statistics/income-distributors/summary-of-capital-gains-tax-returns.pdf. However, as crypto-assets (including cryptocurrencies) are not identified as an asset category on the relevant returns, the information requested by the Deputy is not available. Similarly, with regard to Capital Acquisitions Tax (CAT), the information requested is not available because gifts or inheritances in the form of crypto-assets are not separately identified on the CAT return.

I am also advised by Revenue that guidance on the taxation of crypto-asset transactions is available on the Revenue website at: www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-02/02-01-03.pdf

The Deputy may be interested to know that the OECD Crypto Asset Reporting Framework (“CARF”) was agreed in 2022. CARF will require Crypto Asset Service Providers to provide details of all relevant crypto asset transactions by their users. The reporting obligations apply to Crypto Asset Service Providers who facilitate the purchase, sale or transfer of crypto-assets. A purchase or sale takes place where a crypto-asset is exchanged for Fiat currency. A transfer takes place where a crypto-asset user exchanges one crypto-asset for another.

In addition, the European Council adopted DAC 8 (being the eighth extension to the Directive on Administrative Co-operation) in late 2023. This will require both EU and non-EU based Crypto Asset Service Providers to report all relevant crypto asset transactions in the jurisdiction where they have reportable users in the EU. After transposition, the first exchanges of relevant crypto asset transactions under DAC8 are expected to take place in 2027.

In November 2023, Ireland joined 47 other jurisdictions in issuing a joint statement to commit to exchanges under CARF by 2027.

Alan Kelly (Tipperary North, Labour)
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332. To ask the Minister for Finance the estimated revenue that would be generated by introducing a second home tax charge of €750. [25346/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that the estimated revenue that would be generated by introducing a second home charge of €750 is €271.5 million. This estimate is based on properties liable to Local Property Tax, excluding the first property for each liable person and excluding all other properties owned by Local Authorities and Approved Housing Bodies. Revenue does not hold adequate information to distinguish between principal and non-principal private residences for the purpose of this costing.