Departmental Priorities

Tuesday, 14 July 2026

Questions (195, 196, 197)

Emer Currie

Question:

195. Deputy Emer Currie asked the Tánaiste and Minister for Finance the status of efforts to more accurately quantify the cost of abolition of the deemed disposal rule. [53090/26]

View answer

196. Deputy Emer Currie asked the Tánaiste and Minister for Finance the steps his Department is taking towards reform of the deemed disposal rules on ETFs; and if he will make a statement on the matter. [53091/26]

View answer

Emer Currie

Question:

197. Deputy Emer Currie asked the Tánaiste and Minister for Finance whether his Department has carried out analysis on the amount of tax revenue raised from the operation of the deemed disposal rule since the tax rate change in Budget 2026; and if he will make a statement on the matter. [53092/26]

View answer

Written answers

Tánaiste and Minister for Finance

I propose to take Questions Nos. 195 to 197, inclusive, together.

As the Deputy is aware, the tax revenue arising from the taxation of investment funds and life assurance policies, including the deemed disposal rule, was examined in the context of Budget 2026. The information available to Revenue does not allow them to isolate the tax returned due to the deemed disposal rule from other events which give rise to a tax liability. Therefore, it is not possible to directly identify the tax revenue arising from the application of the deemed disposal rule.

The availability of timely and reliable data is essential for effective analysis of tax policy. However, it must be acknowledged that increasing reporting requirements for taxpayers to collect additional data may ultimately increase administration and compliance costs for them.

While my department is committed to increasing the availability of data for tax policy analysis, where possible, any impact and potential additional administrative burden that increased reporting may cause must be considered prior to any change to reporting requirements. I do not intend, at this time, to add any additional reporting requirements in relation to this area of tax. As I have previously noted, my officials are examining whether other data sources may assist in terms of providing more information on tax collected through the deemed disposal rule.

I have committed to taking the necessary action to support retail investment in Ireland. Budget 2026 included a commitment to publish a roadmap for the taxation of retail investment, setting out an approach to adapt the tax framework to further support retail investment while retaining necessary and important anti-avoidance protections. Work on the roadmap includes consideration of the European Commission’s Savings and Investment Account Recommendation, and the Funds Review recommendations, including the issue of the deemed disposal rule. The roadmap will be published in summer 2026.

Question No. 196 answered with Question No. 195.

Question No. 197 answered with Question No. 195.