Minister’s Brief

3.1.3.4 Finance Bill co-ordination, tax administration/clearance, property
taxation, capital taxes, stamp duties, and taxation of savings
Principal: Des O’Leary
Gary Tobin
Assistant Secretary
Tax Division
Des O’Leary
Principal
Capital; Savings & Pensions
Taxation
Kevin Nolan
Assistant Principal
Property Tax, Stamp Duty, DIRT,
Savings Directive, Tax Residence
John Day
Assistant Principal
Finance Bill; Tax Clearance
Pat McColgan
Assistant Principal
State Aid, Political Party Costings,
Review of Tax Policy Development
& Legislation Process and Annual
Tax Expenditures Report
Donal Murtagh
Assistant Principal
Pensions Taxation, CGT, CAT,
Deferred Tax Assets
Key Points:
Capital taxes (CGT, CAT, LPT, Stamp Duty and DIRT) make up 6.9% of the projected tax yield
for 2016.
CGT/CAT; current standard rate is 33% for both CGT and CAT. The differential treatment of
income and capital for tax purposes, the rates increases and thresholds are significant policy
issues.
DIRT; current rate is 41%, exceeding the higher rate of income tax and CGT/CAT rates.
Pensions; the scope for returning to a long-term stable tax policy suited to a long-term savings
commitment, and policy on marginal rate tax relief for pension contributions.
Local Property Tax: examination of the practicalities of implementing the remaining Thornhill
recommendations, or a more fundamental review of the LPT.
Finance Bill; arising from EU “two pack” Regulations, Budget Day must be on or before 15
October each year and the Finance Bill must be enacted before end of the same year.
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