Insurance Industry

Tuesday, 10 February 2026

Questions (404)

Aidan Farrelly

Question:

404. Deputy Aidan Farrelly asked the Tánaiste and Minister for Finance to clarify, based on an article published in (details supplied) on 16 January 2026, in relation to the capital acquisitions tax treatment of life assurance policies loophole mentioned in this article, the number of clear-cut avoidance cases which Revenue have identified to date; if these transactions fall under the Revenue's Mandatory Disclosure Regime; if any mandatory disclosures were made; if any civil penalties have been sought or applied, and if so, the total amount.; and if he will make a statement on the matter. [9672/26]

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Written answers

Tánaiste and Minister for Finance

I am advised by Revenue that the cases identified to date have been settled under capital acquisitions tax legislation with no specific, or general, anti-avoidance provisions being applicable. It can be confirmed that no mandatory disclosures were made.

Due to its obligation to maintain taxpayer confidentiality, as provided for in Section 851A of the Taxes Consolidation Act 1997 data in relation to the cases under examination cannot be provided. Revenue only provide data in relation to groupings of 10 or more taxpayers.

More information on Revenue’s Statistical Disclosure Controls can be found on the Revenue website at www.revenue.ie/en/corporate/information-about-revenue/statistics/about/statistical-disclosure-control.aspx.