Tax Reliefs

Tuesday, 7 July 2026

Ceisteanna (271)

Michael Cahill

Ceist:

271. Deputy Michael Cahill asked the Tánaiste and Minister for Finance if he will review the current capital gains tax annual exemption threshold of €1,250, having regard to the fact that it has remained unchanged for several years and in view of increased cost of living pressures; if he will consider increasing this threshold; if he will further examine the potential for targeted relief measures, including reduced liability or exemptions for older persons; and if he will make a statement on the matter. [51603/26]

Amharc ar fhreagra

Freagraí scríofa

Tánaiste and Minister for Finance

The Deputy will be aware that Ireland's Capital Gains Tax (CGT) rate is 33% for all gains. However, a range of targeted reliefs are provided for including an annual exemption for the first €1,270 of gains arising on the disposal of assets. In addition, there are a range of other reliefs including principal private residence relief, retirement relief and revised entrepreneurs relief.

As the current €1,270 exemption is available to each individual annually, this is a broad based relief that applies every year regardless of previous use, so any increase in the threshold could potentially result in significant costs to the Exchequer.

As with all taxes, CGT is subject to ongoing review. This involves the consideration and assessment of the rate of CGT and the relevant reliefs and exemptions from CGT as part of the annual Budget and Finance Bill process, as well as consideration of CGT in the wider tax policy context.