Dáil Éireann Debate, Tuesday - 28 July 2026
782. Deputy Aidan Farrelly asked the Tánaiste and Minister for Finance to estimate the annual cost of raising the personal exemption on capital gains tax from the existing €1,270 per annum to €2,500 per annum. [57155/26]
View answerIn general, Capital Gains Tax (CGT) is chargeable on a gain arising on the disposal of an asset at the rate of 33%. The first €1,270 of chargeable gains of an individual in any tax year are exempt from CGT.
I am advised by Revenue that the estimated cost of increasing the personal exemption for CGT from €1,270 to €2,500 is in the region of €15 million, based on information from CGT returns for 2023, the latest year for which fully analysed data are available. This estimate does not reflect any behavioural change that may occur.
