On 6 October 2026, Revenue published eBrief No. 142/26 confirming the Capital Gains Tax (CGT) rate of charge under Section 28 of the Taxes Consolidation Act 1997. The brief reiterates the current 33% rate for gains arising on or after 6 December 2012, with exceptions for certain assets (e.g., development land at 40%). It also outlines the annual exemption and allowable deductions.
Key Takeaways
- Rate Confirmation: The standard CGT rate remains 33%; higher rate of 40% applies to gains from development land and certain foreign life assurance policies.
- Annual Exemption: The annual exemption of €1,270 per individual is confirmed for the 2026 tax year.
Disclaimer: This article is compiled and summarized by the AI based on publicly available information and is for general information purposes only. It does not constitute any form of formal tax advice, legal opinion, or basis for performance. Please consult a qualified professional tax advisor or legal counsel for tax advice.
Source: Read Official Announcement