Budget Explainer CGT reduced from 33% to 31%

Yes. "The standard rate of Capital Gains Tax (CGT) in Section 28(3) of the TCA 1997 is being reduced from 33% to 31%. This reduction applies in respect of disposals made on or after 7 October 2026. There will be no change to the 33% rate which applies to the disposal of development land in Section 649Aof the TCA 1997." (source: https://assets.gov.ie/static/docume..._Tax_Policy_Changes_-_Publication_Version.pdf)
 
So does this mean crystalised gains from 01 jan26 to 06 oct 26 are charged and 33% and 07 oct to 31 dec are charged at 31%?

Gonna be a challenge for Form 11 if thats the case
 
I was wondering the same, it doesn't really make sense for the CG1 form either.

Exit tax is reduced as of 1st Jan 2027 which is a lot cleaner.
 
RainyDayFund said:
Yes. "The standard rate of Capital Gains Tax (CGT) in Section 28(3) of the TCA 1997 is being reduced from 33% to 31%. This reduction applies in respect of disposals made on or after 7 October 2026. There will be no change to the 33% rate which applies to the disposal of development land in Section 649Aof the TCA 1997." (source: https://assets.gov.ie/static/docume..._Tax_Policy_Changes_-_Publication_Version.pdf)
Click to expand...
Does this mean that when I sell my rental property at the end of October 2026, I calculate CGT at 31% not 33%, or is that wishful thinking?
 
daheff said:
Gonna be a challenge for Form 11 if thats the case
Click to expand...

Why would it be a challenge?

In the form at present, one has to distinguish disposals from 1/1/ to 30/11 from those in December.

Would it not be easy to say
Disposals 1/1/2026 to 6 October 2026
Disposals 7 October 2026 to 30 Nov 2026
Disposals 1/12/26 to 31/12/26
 
Brendan Burgess said:
Why would it be a challenge?

In the form at present, one has to distinguish disposals from 1/1/ to 30/11 from those in December.

Would it not be easy to say
Disposals 1/1/2026 to 6 October 2026
Disposals 7 October 2026 to 30 Nov 2026
Disposals 1/12/26 to 31/12/26
Click to expand...
they would need to add a third disposal section. In my experience revenue are very slow to update Form 11 and do it correctly. How much notice have they had of this change? Seeing as people would need to be submitting Payslip A (and the new Payslip Aa?) returns in about 55 days it may be a challenge for them to make these changes and properly test it.


if they've already been working on this for the past while then yes it may be ready on time, but that would mean something slipped from the budget, which i'd be surprised about
 
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