CGT budget 2027

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mcriot29

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I see a lot of now saying CGT may be reduced to 25 percent over the next few budgets or maybe this one what every one views .
 
I find that hard to believe - there is new initiative touted around an investment scheme to encourage investing in the stock markets with details to be shared at the time of the budget, however it will be limited and highly restrictive and won't equate to a blanket reduction in CGT to 25%.
 
I have not read any discussion of reducing CGT.


Pol parties that are growing (e.g. Soc Dems) have policies to not cut CGT, and to abolish CGT relief, and to increase CAT and wealth taxes.
 
It should be cut. At 33% with a tiny annual allowance and no indexation relief, it is taxing inflationary gains.

It won't be cut, of course, or any small cut will be balanced by an increase elsewhere.
 
Protocol said:
Pol parties that are growing (e.g. Soc Dems) have policies to not cut CGT, and to abolish CGT relief, and to increase CAT and wealth taxes.
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They are growing marginally in certain constituencies but they are only taking votes from other left leaning parties like SF, its hardly like Reform in the UK . The government would be foolish to move even more to the left alienating even more of their core tax paying voters. I think the fuel protests were a huge wake up call for the government, Simon Harris especially has recognised that tax cuts are necessary in order to maintain their voter base. The Tax and spend policies there since the financial crash has peaked in my opinion.
 
The cost to the exchequer of reducing capital gains tax (CGT) from 33 per cent to 28 per cent would be €436 million, finance officials have warned in models in this year’s tax strategy papers.

The new modelling comes after Taoiseach Micheál Martin told the Business Post earlier this year capital gains tax in Ireland was “too high” and the country was “losing some investments” as a result.

Finance minister Simon Harris has also proposed scrapping CGT on new Savings and Investments accounts, with a flat levy based on their asset value being considered.

This year’s tax strategy papers modelled the costs of increasing or decreasing the CGT rate of 33 per cent by 1 per cent, 2 per cent, and 5 per cent.

Assuming no other behavioural change from the tax adjustment, the cost of reducing CGT by 1 per cent was €87 million, by 2 per cent was €175 million, and by 5 per cent was €436 million. ...
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