Colm Brophy
Question:129. Deputy Colm Brophy asked the Minister for Finance the cost of increasing the capital acquisitions tax group B threshold to €50,000, €60,000, €70,000 and (iv) €75,000. [43735/24]
View answerThursday, 24 October 2024
Questions (129)
Written answers
I am advised by Revenue that the cost of increasing the Capital Acquisitions Tax group B threshold to €50,000, €60,000, €70,000 and (iv) €75,000 is set out in the table below.
Table 1: Capital Acquisitions Tax Group B
|
Group B |
Cost |
|
€50,000 |
€30m |
|
€60,000 |
€53m |
|
€70,000 |
€73m |
|
€75,000 |
€82m |
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