70. Deputy Eric Byrne asked the Minister for Finance the annual cost in revenue foregone if a new threshold of €500,000 was introduced for inheritance tax purposes; and if he will make a statement on the matter. [39825/15]

I assume that the Deputy is referring to the annual cost of increasing the Capital Acquisitions Tax category A threshold, which applies to gifts and inheritances from a parent to a child, from the post-Budget 2016 threshold of €280,000 to €500,000.

I am advised by the Revenue Commissioners that the cost of increasing the category A threshold to €500,000 would be approximately €74 million on a full year basis and €63 million on a first year basis.