Tax Code

Tuesday, 24 February 2026

Ceisteanna (363, 376)

Sean Fleming

Ceist:

363. Deputy Sean Fleming asked the Tánaiste and Minister for Finance if he will respond to correspondence (details supplied; and if he will make a statement on the matter. [14166/26]

Amharc ar fhreagra

376. Deputy Michael Murphy asked the Tánaiste and Minister for Finance whether his Department is reviewing the taxation treatment of exchange-traded funds and investment funds, including the eight-year deemed disposal rule and the current 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 wrapper; and if he will make a statement on the matter. [14492/26]

Amharc ar fhreagra

Freagraí scríofa

Tánaiste and Minister for Finance

I propose to take Questions Nos. 363 and 376 together.

I am committed to supporting and encouraging retail investment.

The EU Savings and Investments Union is clear in its goal to make it easier, safer and cheaper for people to invest, giving citizens a better return and helping to fund businesses so that they can continue to grow. The Government supports these goals and recognises the importance of encouraging retail investment in Ireland.

As you may be aware, as a first step Budget 2026 included a reduction in the taxation rate that applies to Irish and equivalent offshore funds, and Irish and certain foreign life assurance products, from 41% to 38%, which applies to investments in ETFs that are taxed under these regimes.

I remain very conscious of the concern of retail investors, and work is continuing on the development of the roadmap on the taxation of retail investment announced in Budget 2026, which will be published soon. The roadmap will set out an approach to simplify and adapt the tax framework to further support retail investment, while retaining necessary and important anti-avoidance protections in a proportionate manner.

The work underway on the roadmap includes consideration of the recommendations of the Funds Sector 2030 Report, including the issue of deemed disposal as well as the European Commission’s recommendation for Member States to introduce Savings and Investment Accounts.