Dáil Éireann - Volume 377 - 09 February, 1988 - Written Answers


	HOME Baile
	DEBATES Díospóireachtaí
	DÁIL DEBATES Díospóireachtaí Dála
	SEANAD DEBATES Díospóireachtaí Seanaid
	SEARCH Cuardach
	ABOUT THIS SITE Faoin Suíomh Seo
	LINKS Nascanna

Dáil Éireann - Volume 377 - 09 February, 1988

Written Answers - Tax Yields.

Mr. Spring Mr. Spring

88. Mr. Spring asked the Minister for Finance the amount of money which has accrued to the Exchequer by way of capital acquisitions tax as applying to discretionary trusts.

Minister for Finance (Mr. MacSharry) Ray MacSharry

Minister for Finance (Mr. MacSharry): I have been advised by the Revenue Commissioners that the yield from capital acquisitions tax to 31 December 1987 is £6,829,000 in respect of the once-off 3 per cent charge, and the 1 per cent annual charge, which apply to certain discretionary trusts.

Mr. J. O'Keeffe Mr. J. O'Keeffe

89. Mr. J. O'Keeffe asked the Minister for Finance (a) the estimated tax foregone as a consequence of the stock relief provisions for farmers for each of the years from 1981 to date and (b) the estimated tax gained by the Exchequer by virtue of the clawback provisions for each of those years.

Minister for Finance (Mr. MacSharry) Ray MacSharry

Minister for Finance (Mr. MacSharry): Following is the information requested in respect of accounting periods ending between 6 April 1981 and 5 April 1985:

	Cost to Exchequer of stock relief for farmers
	Cost of relief	Tax gain from clawback	Net cost
	£m	£m	£m
Accounting periods ending between:
6 April 1981 and 5 April 1982	3.84	0.04	3.8
6 April 1982 and 5 April 1983	3.9	0.1	3.8
6 April 1983 and 5 April 1984	6.3	0.5	5.8
6 April 1984 and 5 April 1985 (Provisional)	7.9	1.1	6.8

Statistics are not available which would enable the precise information requested by the Deputy in respect of accounting periods ending after 5 April 1985 to be given. The relevant information which is available relates to the estimated budgetary cost of the renewal of stock relief in respect of those accounting periods. Following is the information available:

	Estimated cost of renewal of stock relief for farmers
	£m
Accounting periods ending between:
6 April 1985 and 5 April 1986	0.7
6 April 1986 and 5 April 1987	0.7

Dáil Éireann 377 Written Answers Tax Yields.

Questions

19880209