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tax applies. While capital gains tax makes up only a small proportion of overall taxes, it is considered an integral part of the overall taxation system due to the need to ensure as broad a tax base as possible. The purpose of capital gains tax is to ensure … benefit from gains in the value of their assets are included within the tax net on an equitable basis. In doing so, we can limit the need for increases in income tax rates and secure the sustainability of the taxation system against future challenges. While capital gains tax

thank the Deputy for bringing this issue to the House. The rate that capital gains tax is charged at has varied upwards and downwards. The truth is that the existence of capital gains tax can help maintain a balance between the rate of taxation of capital assets … budgetary challenges related to population ageing. Capital gains tax is part of a system to ensure a wide taxation base reducing the burden on income tax that is tax on labour. I assure the Deputy, as with all taxes, that capital gains tax is subject to ongoing review

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

gift it to their adult child, so that it will become their home. Before they can make the transfer, they face a capital gains tax bill which in their case is somewhere between €70,000 and €75,000. They simply do not have that kind of money … State. They work, they pay their taxes, they cover college fees and they contribute to their community. They are not opposed to capital gains tax in principle but a 33% rate on a property they are not selling is excessive by any measure. The reality is stark. Their

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

would also argue that capital gains tax is different from income tax, gift tax and inheritance tax. In fact, tax credits and bands have increased considerably over the past 20 years. The exception has been capital gains tax, where there has been no indexation whatsoever, unlike all other … taxes. When indexation was abolished, one of the reasons was capital gains tax was 20% at the end of 2002 and for a few years prior to that. That was given as a reason - we did not need taxation because it was being taxed so little. Since then

They led, for example, to the financial crash. The commission recommended that the overall yield from wealth and capital taxes, including property, land, capital acquisition and capital gains taxes, should increase materially as a proportion of overall tax revenues. Herein lies our issue with the Bill. We agree … property taxes as a consequence of rising property prices. We absolutely get the point. While the ability to pay must always be at the forefront of any tax raising system, it is clear that this country does poorly in terms of taxes on fixed assets and capital

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

other motions around wealth tax, we do have a number of cases where wealth in Ireland is taxed. There is capital gains tax, capital acquisitions tax, local property tax and certain forms of stamp duty for property and shares for those who are in impacted. In conclusion

number of areas that need to be looked at but, as I said, it is tax neutral. In the area of capital gains tax relief, we would be asking to introduce, as is the situation in the UK, full capital gains tax exemptions for business owners who sell

disposal rule for Irish-domiciled funds and life assurance products and the alignment of tax rates for investment undertakings with the standard capital gains tax rate. The difficulty with deemed disposal is clear. After eight years, investors face a tax liability on unrealised gains, often forcing them … deemed disposal would address this inefficiency and improve outcomes for savers. A further inequality lies in the treatment of loses. Under the capital gains tax regime, investors can offset loses against gains, reducing their overall liability. Under the exit tax applied to ETFs, however, no such offset

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

Government is maintaining and is committed to continuing to maintain a tax system that supports them. I am enhancing the existing capital gains tax revised entrepreneur relief by increasing the lifetime limit on gains to which the relief applies from €1 million to €1.5 million for disposals made … from 1 January 2026. This change will help ensure the capital gains tax system supports entrepreneurs who are looking to grow their businesses and take on new challenges. Key Employee Engagement Programme The key employee engagement programme is also due to expire at the end of 2025. Following

Minister of State for her response. I am pointing out that where there is a gain somebody is definitely entitled to pay capital gains tax but, unfortunately, the parent who hands over that property has no gain, gets no money and has to pay out maybe … this particular case I raised, they may have to pay out €70,000 or €75,000 in capital gains tax, despite the fact they do not get any funds whatsoever. They are gifting the house to one of their family members. In these times with such pressure

industry proposals on employee ownership trusts in recent months. Following these discussions, I am informed by officials that changes to discretionary trust tax, capital gains tax, which was referenced here, and to the close company surcharge, have been raised by stakeholders as potential necessary amendments to the tax

thank the Deputy. As he will be aware, wealth is already taxed in a number of ways in Ireland. These include capital gains tax, CGT, capital acquisitions tax, CAT and local property tax. Stamp duty also acts as a tax on wealth, including that charged on the acquisition

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

share the same surname to allow for easier international travel. Deputy Michael Cahill - To discuss discrepancies in inheritance tax and capital gains tax. Deputy Albert Dolan - To discuss introducing financial literacy to the school curriculum. Deputy Jen Cummins - To discuss Labre Park regeneration. Deputy Colm Burke - To discuss

each case: Deputy Maeve O'Connell - To discuss urban broadband provision. Deputy Michael Cahill - To discuss discrepancies in inheritance tax and capital gains tax. Deputy Emer Currie - To discuss the regulation of loot boxes and chance-based microtransactions in video games. Deputy Jen Cummins - To discuss supports

chargeable capital gain made when a person disposes of an asset. The chargeable gain is usually the difference between the price paid for the asset and the price it is disposed of and is payable by the person making the disposal. Section 556 of the Taxes Consolidation … events. It is also important to bear in mind that there is no indexation of other taxes. We do not currently have an indexation of income tax, corporation tax or capital acquisitions tax. The programme for Government does commit to maintaining a broad tax base to guard against

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

place for women impacted by the CervicalCheck scandal to those affected by narcolepsy settlements which exempts those affected from paying income tax, capital gains tax, or capital acquisition tax on the payments or gains from investments arising from those sums of money made to them

Deputy Mattie McGrath asked the Minister for Finance if the exemption from income tax, capital gains tax and capital acquisitions tax on payments made to the women impacted by the failures in the Cervical Check national screening programme, announced in Budget 2025, can be extended to those

Deputy Pearse Doherty asked the Minister for Finance the estimated revenue raise by applying a 1% increase on the tax rate for capital gains tax, capital acquisitions tax and deposit interest retention tax. [40681/25

reviewing the tax treatment of cohabiting couples, to address the anomalies on the way in which cohabitants are treated in terms of capital gains tax; the legislative action he plans to take on capital gains tax to give cohabiting couples equal treatment to married couples

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

analysis of the impact that the higher, deemed-disposal capital gains tax rate on index funds has on retail investor behaviour and capital market participation; if consideration would be given to aligning the capital gains tax rate and realisation rules for index fund investors with those applied

outline if tax is payable on wedding gifts received, in terms of cash or non-cash gifts, in respect of income tax, capital gains tax, gift tax or other taxes; and if he will make a statement on the matter. [52737/26

religious orders that are registered charities; for a breakdown, where possible, by tax type, including but not limited to income tax, corporation tax, capital gains tax, DIRT, stamp duty; and if he will make a statement on the matter. [44986/25

orders that are registered charities; if he will provide a breakdown, by tax type (including but not limited to income tax, corporation tax, capital gains tax, DIRT and stamp duty); and if he will make a statement on the matter. [47267/25

Emer Currie asked the Tánaiste and Minister for Finance if he is considering aligning the current rate of investment undertaking tax with capital gains tax in Budget 2027 as an affordable and effective means of increasing retail investment participation, and to ensure existing investors are not left behind

Deputy Michael Cahill asked the Minister for Finance if he will review the current interaction between capital gains tax and capital acquisitions tax in the case of lifetime gifts, where the same transaction can result in a significant combined tax burden for both the donor and the recipient

have declared profits to the Revenue Commissions from cryptocurrency investments, in each of the past five years; to indicate the amount of capital gains tax and capital acquisitions tax paid on such investments, in each of the past five years; and if he will make a statement

Deputy Cathal Crowe asked the Tánaiste and Minister for Finance if he will review the current interaction between Capital Gains Tax (CGT) and Capital Acquisitions Tax (CAT) on lifetime property gifts within families; if his attention has been drawn to cases where parents gifting residential properties to their

Funds 2030; the timeline for progress on the outstanding items, including aligning the current rate of investment undertaking tax (IUT) with capital gains tax; and if he will make a statement on the matter. [48720/26

Heneghan asked the Tánaiste and Minister for Finance whether his Department has assessed how the combined impact of exit tax, deemed disposal, capital gains tax and dividend taxation affects young people who are trying to save or invest over the long-term for a first home

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

exit tax rate; whether consideration is being given to abolishing or reforming deemed disposal, aligning the exit tax rate with the 33% capital gains tax (CGT) rate, permitting the offsetting of losses in a manner consistent with CGT treatment, or introducing a tax-efficient retail savings or investment

asked the Tánaiste and Minister for Finance the estimated cost of reducing investment undertaking tax on retail investment gains to align with capital gains tax; and if he will make a statement on the matter. [48236/26

equivalent in any comparable EU jurisdiction, that taxes unrealised gains, that prohibits loss relief, that applies a rate exceeding the standard capital gains tax rate, and that demonstrably redirects Irish household savings away from diversified EU-regulated products; and if he will make a statement on the matter

Currie asked the Minister for Finance the amount of tax revenue raised from the operation of the deemed disposal rules under the capital gains tax code, broken down per year, from 2020 to present; and if he will make a statement on the matter. [49583/25

considers this prohibition on loss relief to be equitable relative to the treatment of losses on direct equity investments under the capital gains tax regime; whether he has received any advice from the Tax Strategy Group or Revenue on the rationale for this asymmetry; and if he will

Finance to outline the effective tax rates applicable to Exchange Traded Fund investments under the deemed disposal regime compared with the standard capital gains tax rate applied to direct equity investments; and to confirm whether any internal assessment has been conducted on the relative impact of these differing

gains on Exchange Traded Funds and other collective investment undertakings subject to deemed disposal is set at 41%, exceeding the 33% capital gains tax rate applicable to direct shareholdings and other assets; whether he considers it appropriate that an individual who invests in a diversified EU-regulated fund

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

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