Dáil Éireann Debate, Tuesday - 15 October 2024
217. Deputy Jim O'Callaghan asked the Minister for Finance with regard to capital acquisitions tax the estimated cost of a further €65,000 increase in Group A, a further €7,500 increase in Group B and a further €3750 increase in Group C thresholds post the enactment of measures announced in Budget 2025. [41502/24]
View answerI am advised by Revenue that the estimated cost of a further €65,000 increase in Group A, a further €7,500 increase in Group B and a further €3750 increase in Group C thresholds post the enactment of measures announced in Budget 2025 is €74.1m per annum.
A breakdown of this is shown in Table 1 below:
Table 1: Breakdown of CAT Costing
|
Category |
€M |
|
Group A |
47.7 |
|
Group B |
22.7 |
|
Group C |
3.7 |
|
Total |
74.1 |
An update of the Ready Reckoner, which enables calculation of the cost or yield arising from a range of potential changes to tax charges, is due to issue in the coming weeks on the Revenue website at:
www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx.
