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taxed on eight years of those savings, even if they have not sold a thing. They are taxed on something they have not sold as a capital gain. The Department of Finance refers to this as a deemed disposal. The people to whom I refer want two straight

gain in the value of the investment from the date of acquisition or the last deemed disposal. The tax paid under the deemed disposal rule is effectively a prepayment of tax rather than an additional charge to tax, and is allowed as a credit against the tax … subsequent chargeable event, with any excess paid being refundable. Like any other aspect of the tax system, the deemed disposal rule is kept under review and may be subject to policy change. Just because a measure was introduced in response to relevant concerns at the time does

Deputy Noel McCarthy asked the Tánaiste and Minister for Finance if he is considering a review of the current capital gains tax treatment of cryptocurrency investments; whether any measures such as increasing the annual capital gains tax exemption or introducing a reduced rate of exemption for assets held

exchange traded funds; if he plans to abolish the eight-year deemed disposal regime, align the tax rate more closely with capital gains tax, allow normal loss relief and simplify the reporting and administrative requirements [60406/26

Deputy Edward Timmins asked the Tánaiste and Minister for Finance if he will reintroduce indexation for Capital Gains Tax as the current system leads to an unfair tax when there is no real gain. [68630/26

James Geoghegan asked the Tánaiste and Minister for Finance to review correspondence from a constituent (details supplied) to support the reintroduction of capital gains tax rollover relief for individual investors; and if he will make a statement on the matter. [60408/26