Sunday August 9, 2020

The ideological turmoil behind any decision on capital gains tax

Imposing CGT on family home disposal is attractive to the mandarins, but the idea is politically suicidal

6th August, 2017
Paschal Donohoe

At this time of year, officials in the Department of Finance survey the entire horizon of taxable activity, in the hope of finding some low-hanging fruit which would help fund increased expenditure, lowering of other taxes or debt reduction, or all three.

As this activity coincides with the media silly season, the potential for scare stories arising out of the exercise is enormous. In a parallel process in the Department of Public Expenditure and Reform,...

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