41% Exit Tax - Will we see Budget 2026 changes

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First PQ of 2026, same standard reponse
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Tax Code

Tax Code Dáil Éireann Debate, Tuesday - 27 January 2026
www.oireachtas.ie
The next step in the work underway to encourage retail investment, as announced in Budget 2026, is the publication of a roadmap for the taxation of retail investment early this year. 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. This roadmap will take into account the European Commission’s recommendation on Savings and Investment Accounts.
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Early this year could mean anything up to when, April?
 
but at least he is being questioned consistently on this every month and it is no longer pascal donohue answering, Simon Harris is much more sensitive to political considerations than pascal donohue was on this. I think this is also escalating up the political hierarchy, its no longer a topic they can simply brush aside like pascal donohue did.
 
Reply to 2 PQs 10 February 2026
www.oireachtas.ie

Tax Code

Tax Code Dáil Éireann Debate, Tuesday - 10 February 2026
www.oireachtas.ie
The starting point for this conversation has to be that we live in a country where we have a high level of savings on deposits and we need to support people who are seeking greater returns on their hard-earned savings. Work is continuing on the development of a roadmap for the taxation of retail investment. We announced in budget 2026 that this work was under way. I expect to receive proposals shortly and I hope to be in a position then to bring this roadmap to Government. It will set out an approach to simplify and adapt the tax framework to further support retail investment while obtaining the necessary and important anti-avoidance protections in a proportionate manner.

The Government and I are very clear: retail investment needs to be encouraged. It is set out in the programme for Government. It is consistent with our work at an EU level on the savings and investment union, in which I expect us to take a leadership role during our Presidency of the EU Council as well. There is a complexity to all of this in how we tax ETFs, the rate of exit tax and the application of deemed disposal, and we need to work our way through this.
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The focus on anti-avoidance tax is so ridiculous. They don’t to take into account that due to the design and accessibility of the investing apps, people are likely to invest in much greater numbers and also to sell more frequently (in comparison to say a person’s pension fund). Both of these factors should be modelled in any tax planning.
 
smarts said:
people are likely to invest in much greater numbers and also to sell more frequently
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I wonder if that is something that should be targeted at the EU level.

For example, there could be a requirement for a standard format that all apps must support.

You can generally download to an Excel file, but they aren't all the same format.

If there was a standard formal, then revenue could provide an app to calculate the tax. You could read in all the files from multiple platforms.
 
My point really was that they should ditch deemed disposal as there will be less of a tax avoidance concern since tax will be due each time an investor sells an ETF. The original problem of people not selling pension funds (or paying tax) for decades is unlikely to be an issue with the online low cost broker ETF model.
 
There is a link to the housing crisis in all of this. A lot of buy to let landlords would be far better off leaving the market if there was a tax efficient and passive way of investing money in this country (other than a pension which most of us cant access until mid to late 60s).
 
Presumably the reason so many invested in buy to lets back in the day because it was much more favourable from a taxation point of view. However now with all the new regulations and restrictions with renting, this is no longer the case.
Maybe that is the real reason for all the delays and foot dragging regarding ending deemed disposal and encouraging retail investing like every other country. If they change it too quickly there will be a stampede out of renting properties. If they never had deemed disposal in the first place alot more money would have been invested in ETFS rather than property.
 
Protocol said:
Tánaiste Simon Harris told a party meeting tonight that Finance officials are working on proposals for a savings and investment strategy designed to create better financial opportunities for citizens who wish to invest.

https://x.com/MichealLehane/status/2021684078227882232
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https://www.businesspost.ie/politic...trategy-to-deliver-better-returns-for-savers/ [paywall]

The government is working on new ways to allow more people invest their savings, Tánaiste Simon Harris has said.

Speaking at a Fine Gael parliamentary party meeting on Wednesday night, the minister for finance said hard-pressed savers were not being given enough opportunities to make their savings generate stronger returns.

The Tánaiste said officials at the Department of Finance were working on proposals for a savings and investment strategy that would look at providing new investment options for savers.
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MEP Regina Doherty repeating her call for an end to deemed disposal..

Irish Independent [paywall]

A Dublin MEP has called on the Government to abolish a rule that means consumers have to pay tax on an investment gain every eight years whether or not they sold up or withdrew any money.
Fine Gael’s Regina Doherty said the deemed disposal rule on exchange traded funds (ETFs) was an “unfair stealth tax”.
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