Shane Moynihan (Dublin Mid West, Fianna Fail)
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71. To ask the Minister for Finance if consideration will be given to differentiated rates of Capital Gains Tax for different scenarios. [36600/25]

Paschal Donohoe (Dublin Central, Fine Gael)
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Ireland's headline Capital Gains Tax (CGT) rate is 33%. It is paid on the chargeable capital gain made when a person disposes of an asset. The chargeable gain is usually the difference between the price paid for the asset and the price it is disposed of for. CGT is payable by the person making the disposal.,

The existence of a 33% rate of CGT can help maintain a balance between the rate of taxation of capital assets and the higher rate of income tax. There are a number of targeted reliefs including principal private residence relief, retirement relief and revised entrepreneur relief. Significant exemptions often requires a higher rate in order to generate an appropriate yield.

As with all taxes, CGT is subject to ongoing review, which involves the consideration and assessment of the rate of CGT and the relevant reliefs and exemptions from CGT. CGT policy and legislation is reviewed by the Tax Strategy Group (TSG), as part of the annual Budget and Finance Bill process and as part of wider tax policy considerations.