Questions

975. Deputy Paul Lawless asked the Tánaiste and Minister for Finance further to the closure in Budget 2026 of a loophole under the Capital Acquisitions Tax regime that allowed wealthy individuals to transfer life assurance policies to family members without incurring a tax liability, whether the Revenue Commissioners or his Department identified, investigated, or were made aware of any cases in which the individuals …

976. Deputy Paul Lawless asked the Tánaiste and Minister for Finance further to the identification by the Revenue Commissioners as far back as 2023 of a Capital Acquisitions Tax loophole that permitted the tax-free transfer of life assurance policies by assignment to a spouse, child, or other named beneficiary prior to the death of the policyholder, whether any review was conducted specifically to establish if politi…

977. Deputy Paul Lawless asked the Tánaiste and Minister for Finance further to the decision taken in Budget 2026 to close a Capital Acquisitions Tax loophole that enabled the transfer of life assurance policies without attracting an inheritance or gift tax liability, whether he is satisfied that it was appropriate to amend the law without any public consultation or advance notice to taxpayers, as was explicitly reco…

978. Deputy Paul Lawless asked the Tánaiste and Minister for Finance further to Freedom of Information records confirming that the Revenue Commissioners strongly advised against publicising a Capital Acquisitions Tax loophole relating to the assignment of life assurance policies prior to its closure in Budget 2026, whether he can confirm that no information regarding this loophole was disclosed, formally or informall…