Finance Bill 2021: Committee and Remaining Stages
Seanad Éireann — 2021-12-14
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Alice-Mary Higgins (IND), National University of Ireland

I move recommendation No. 2:
In page 14, between lines 8 and 9, to insert the following:
“Report on lowering of High Wealth Individual threshold
7. The Minister shall, within three months of the passing of this Act, prepare and lay before both Houses of the Oireachtas a report on the introduction of a new threshold for High Wealth Individuals defined as persons in possession of net assets of the value of €20 million and above.”.
I am seeking information here rather than change. I am aware that a recommendation was accepted by Revenue in 2019 that the threshold for high wealth individuals would be lowered from €50 million to €20 million on the advice of the Comptroller and Auditor General. It is not so much to suggest that this be done as to ask for a report on if and how it has been done. How has it played out since that recommendation? The recommendation from the Comptroller and Auditor General was accepted in principle by Revenue but has it been implemented?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/seanad/2021-12-14/debate/main
Retrieved: 2026-08-14T04:49:57+00:00
Sitting date: 2021-12-14