Colm Brophy
Question:128. Deputy Colm Brophy asked the Minister for Finance the cost of increasing the capital acquisitions tax group A threshold to €500,000, €550,000 and €600,000. [43734/24]
View answerThursday, 24 October 2024
Questions (128)
Written answers
I am advised by Revenue that the cost of increasing the Capital Acquisitions Tax group A threshold to €500,000, €550,000 and €600,000 and it is set out in table below.
Table 1: Capital Acquisitions Tax Group A
|
Group A |
Cost |
|
€500,000 |
€66m |
|
€550,000 |
€88m |
|
€600,000 |
€106m |
An update of the Ready Reckoner, which enables calculation of the cost or yield arising from a range of potential changes to tax charges, including Capital Acquisitions Tax, is due to issue by 25 October 2024 on the Revenue website at: www.revenue.ie/en/corporate/information-about-revenue/statistics/ready-reckoner/index.aspx .