Colm Brophy
Question:130. Deputy Colm Brophy asked the Minister for Finance the cost of increasing the capital acquisitions tax group C threshold to €30,000, €40,000 and €50,000. [43736/24]
View answerThursday, 24 October 2024
Questions (130)
Written answers
I am advised by Revenue that the cost of increasing the Capital Acquisitions Tax group C threshold to €30,000, €40,000 and €50,000 is set out in the table below.
Table 1: Capital Acquisitions Tax Group C
|
Group C |
Cost |
|
€30,000 |
€9m |
|
€40,000 |
€15m |
|
€50,000 |
€21m |
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