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Financial Resolution No. 3 provides for a reduction in the standard rate of capital gains tax from 33% to 31% in section 28(3) of the Taxes Consolidation Act 1997. Capital gains tax is currently applied at the standard rate of 33% to chargeable gains arising from … covers both tangible and intangible assets, including assets that have been acquired or created. Irish capital gains apply to gains arising on the disposal of worldwide assets by Irish tax residents. The reduction in the standard rate of capital gains is intended to increase and expand domestic investment

people like me say that they represent a privileged class because here we go again with another resolution. This time it is capital gains tax and, as the Minister of State said, it will cost €186 million. Between this, the previous measure and other measures, which are investor … with a straight face that this was a budget for workers, came in with these measures for investors in this resolution on capital gains tax that will cost the taxpayer €186 million and say that this is fair. What planet are you guys living on? Look at what

reduces capital gains tax by two percentage points to 31% for asset disposals from 7 October 2026. Section 37 extends the enhanced diesel rebate scheme rates for qualifying road transport operators until 31 December 2026. Section 38 confirms mineral oil tax changes, including deferred carbon tax increases … tax rates. Section 39 reduces natural gas carbon tax from 14 October 2026, while section 40 postpones solid fuel carbon tax increases until 1 May 2027, maintaining existing rates until then. Sections 41 and 42 implement budget 2027 changes to tobacco products tax and e-liquid products tax

workers' budget because the majority of the budgetary measures have very little to do with work. The reduction in the rate of capital gains tax from 33% to 31% will cost €46.5 million in 2027 and €186 million in a full year. For context, €186 million would build … effective Minister but you could double that increase for what it is costing to tinker around the edges of capital gains tax for half a year. I welcome the increase in the disregard for carers but the means test has to go. The fact that the Minister

Government will plough on cutting inheritance tax and capital gains tax, as the tax base narrows and demands on the Exchequer grow. This really is a budget for investors and not workers. When the Government's capital gains tax cut comes in later tonight, the bill … When I asked him last week what the new account would mean for tax forgone, all he could say was that work was under way on an economic impact assessment. Looking at the tax details published today, there is still no assessment of the Exchequer loss for year

this Finance Bill, the only agenda seems to be to double down on the Government's base with cuts to areas like capital gains tax and capital acquisitions tax and the introduction of new savings and investment schemes, which have been soft-launched about 1,029 times … this direction, the price, like the last time, will be paid not by the supporters of this Government who will benefit from capital gains tax, CGT, and inheritance tax cuts but by the people who do not, namely the people with few assets beyond their own home

give almost €200 million of public money to very rich people. Very few people in this country are ever going to pay capital gains tax. People who pay capital gains tax are people who own multiple properties. I know those people are massively over-represented in this Dáil

provider. These accounts will operate outside the scope of the taxes which currently apply to different investment products. There will be no capital gains tax, dividend withholding tax, investment undertaking tax nor life assurance exit tax. The deemed disposal rule will not apply to investments held within … tax on investments such as ETFs operates. In addition, I am pleased to announce a reduction in the rates of tax that apply to investors in Irish and equivalent offshore funds, and Irish and foreign life assurance products, including investment undertaking tax and life assurance exit tax, from

Dáil last night, two of which related to investor tax reliefs that will cost taxpayers €1 billion over five years. They concerned capital gains tax and capital acquisition tax. Imagine framing a budget and thinking what this State needs is more tax relief for investors. Imagine what

budget. He talked about entrepreneurs being the bedrock of the economy. Then he went on to give a huge tax cut in capital gains tax from 33% down to 31% to businesses, which will cost €186 million, and another cut in research and development corporation tax, which

much. It gives it to the billionaires but not to the workers. Similarly, there were big tax breaks in the budget for capital gains tax and corporate investment but the Government will not even talk to the nurses who are having to go out protesting, the council workers

tax package worth roughly €1.3 billion, including the wider tax bands, increased tax credits, higher rent tax credits and a reduction in capital gains tax. Many people will welcome these measures; no one is going to refuse a tax reduction. However, responsible policymakers should ask whether some portion

three of the big tax giveaways in the budget: the research and development tax credit extension, which is worth €118 million, the capital gains tax changes worth €186 million and the investment in corporate trades tax change which is worth €58 million. Those three measures are worth

capital gains tax in section 36 was barely mentioned in the speech on budget day by the finance Minister, yet it removes €200 million from the tax base over the lifetime of the Government. That is €1 billion gone. There are tax cuts throughout the budget most people … investment undertaking tax, the life insurance exit tax and the taxes equivalent on offshore funds. The Commission on Taxation and Welfare was very clear. It recommended moving away from an over-reliance on taxing workers and towards greater taxation on wealth and capital, yet the Government is moving

tax credit through more attractive sub-contracting provisions, increased first-year payment thresholds and a reduced administrative burden. The reduction in the capital gains tax, CGT, rate from 33% to 31% will also support entrepreneurship and investment. A new AI Office of Ireland has been established. This office

people we represent who do get up early in the morning, who have no choice other than to pay their taxes, and who were abandoned by the Government last year to favour the hospitality sector. Now we are seeing another very significant transfer of wealth from … working people to those who by definition already own significant assets. There is also an argument that if the Government is cutting capital gains tax, there is some evidence over the years, and I am not saying that I am backing it, that if it is significantly

major role for over 60 years, since the Governments of Seán Lemass and Jack Lynch introduced a pro-enterprise and outward-looking tax policy and committed us to seeking to become a trading nation. Multinational firms will continue to be an important and valued part of our economy … addressing the active disincentives to keeping businesses here and reinvesting capital gains from significant sales. That is why the reduction in capital gains tax is important and I am pleased to see that this has been widely welcomed by groups which are focused on building Irish businesses

this budget did target and benefit. We have seen cuts to capital gains tax, a cut to the exit tax on exchange-traded funds, ETFs, and an effective cut on inheritance tax. These are tax cuts that will disproportionately benefit the most well-off in our society. Every … young children, whether those children are in crèche, school or university. These families are not likely to have the kind of money or capital put away who will benefit from cuts in wealth taxes. What money they have is going on fuel bills, crèche fees and the cost

closes one of the loopholes in the domicile levy. That is welcome. However, the €200,000 charge is meant to make sure Irish tax exiles pay something towards this country. As the Minister of State well knows, compliance in recent years has been laughable. In 2010, 37 people … ensure that all those who benefit from this country pay their fair share. Section 66 raises the inheritance threshold. Section 36 cuts capital gains tax from 33% to 31%. Together, they are going to cost the taxpayer €234 million in the first full year. That is €234 million

heat their homes. Some of them are in low-income households. We and many others called on the Government to abolish the carbon tax on home heating oil, which would have saved households about €183 on a fill of their tanks. That is what the Government should have … measures. One measure alone will cost the taxpayer €183 million to give the wealthiest in this country relief on their capital gains tax. The Government will also do precious little to support people in relation to a cost-of-living crisis, particularly in regard to home heating

Government could have invested to lower bills, decarbonise the economy and improve living standards for all. It could have imposed a windfall tax on the companies and data centres that were profiteering during this energy crisis. It could have invested heavily in renewables and a retrofitting revolution … Yesterday's budget was pathetic and the Taoiseach owes people an explanation. Why is the Government spending more than €200 million on capital gains tax cuts for the wealthiest when hundreds of thousands are in arrears on energy bills? Why did the Government choose not to impose

real world - will be delighted about the capital gains tax cut. That is a tax cut for business, but also for landlords. When they sell their second, third, fourth, fifth or sixth home, they will get a tax reduction. They will also be delighted by the extension … extra increase in the renter's tax credit. They cannot get the renter's tax credit at all because they are not properly classified as renters but the landlord, basically, will not pay any tax on it. It is incredible. They are also going to push up rent

month per child for all children up to and including senior infant level. We have increased the amount that childminders can earn tax free. Currently, that stands at €15,000 per year, and it is to rise to €20,000. In addition, the limit on the number … year per eligible employee. This will ease the cost of the minimum wage increase for SMEs. The standard rate of capital gains tax has been reduced from 33% to 31%. A number of enhancements have also been introduced to the research and development tax credit in the budget

Labour Party also favours a reduction in the VAT rate on kerosene, but the best way - the very best way - to reduce carbon tax in the longer term is to reduce our reliance on carbon. It is as simple as that. We need to focus on permanent reductions … trailered as a workers' budget, but when the Government decided to pull the rabbit out of the hat of cutting capital gains tax and inheritance tax, and tried in a half-hearted way to make up for the two fingers given to PAYE workers last year by indexing

help to buy scheme, will, regrettably, simply put up house prices even further. It is an inflationary measure. Raising the rent-a-room tax-free ceiling risks becoming a rent hike dressed up as relief for homeowners. Building more homes is the real solution this crisis needs. Where … believes the education budget is anything more than a fiction anyway. What has the Government done? It has introduced a €230 million capital gains tax cut, an extortionate price tag for a measure that will narrow the tax base. It is crazy to reduce wealth taxes and introduce

Deputy Barry Ward asked the Tánaiste and Minister for Finance if a calculation has been made regarding the rate of capital gains tax if deemed disposal was removed and ETFs moved to a CGT regime instead of an exit tax regime; and whether this has been given consideration