Written answers

Tuesday, 29 July 2025

Department of Finance

Departmental Budgets

Photo of Rory HearneRory Hearne (Dublin North-West, Social Democrats)
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771. To ask the Minister for Finance the estimated annual revenue that would be generated through the introduction of a wealth tax levied at 0.5% on assets over €1 million and 1% on assets over €2 million; and if he will make a statement on the matter. [44313/25]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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I am advised by Revenue that they have no statistical basis for compiling estimates in relation to a potential wealth tax. It is therefore not possible to provide the information requested by the Deputy on the estimated annual revenue from a wealth tax levied at 0.5% on assets over €1 million and 1% on assets over €2 million.

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