Exit tax - Budget 2025

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Kev1964

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There was some pre-budget talk about reducing this or possibly aligning it with CGT.

I don’t recall seeing anything on it but as with some of the other comments on here, wait for the Finance Bill possibly.
 

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Review of funds sector​

Ireland has a leading position in the investment funds and asset management industry globally. The sector is a significant employer, supporting almost 20,000 jobs, with close to half of these located outside of Dublin.
Last year my department established a Funds Review Team and began a detailed forward-looking review of the Funds sector with a view to safeguarding Ireland’s leading position in the investment funds and asset management industry.
I recently received their report, which I intend to bring to Government shortly and to publish thereafter. Following consideration of the findings, I will then outline the next steps.
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That was during the Budget day speech. Zero chance of any action in the upcoming Finance Bill.

The report of the Funds Review team is due to be published in a week or so
 
Great, it will be filed on the shelf entitled "Interesting but irrelevant" to gather dust along with a host of others

Maybe when the election is over and the "new" government installed, someone might be bothered to commission another one in a few years time but I won't be holding my breath
 
  • Retail Investment: The review team has made recommendations to better align the tax on investment funds and life assurance products with that of direct equities by removing deemed disposal and aligning the rate of tax to 33%. These are big changes, which could help many cohorts of society in saving and investing for major life events or for retirement. The roadmap to simplification is not straightforward and could take a few years to implement, if agreed by the next Government. There are recommendations for a mapping of the savings and investment landscape, an annual forum on savings and investment and surveys of retail investors, to better inform the policy work of the Department.
gov.ie/en/press-release/4be16-minister-chambers-publishes-funds-review-report/
 
kenr2022 said:
  • Retail Investment: The review team has made recommendations to better align the tax on investment funds and life assurance products with that of direct equities by removing deemed disposal and aligning the rate of tax to 33%. These are big changes, which could help many cohorts of society in saving and investing for major life events or for retirement. The roadmap to simplification is not straightforward and could take a few years to implement, if agreed by the next Government. There are recommendations for a mapping of the savings and investment landscape, an annual forum on savings and investment and surveys of retail investors, to better inform the policy work of the Department.
gov.ie/en/press-release/4be16-minister-chambers-publishes-funds-review-report/
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Officials recommend scrapping deemed disposal and lowering tax on investment funds

https://www.irishtimes.com/business/2024/10/22/tax-rate-on-investments-in-funds-should-be-lowered-department-of-finance-officials-recommend/ Department of Finance officials have recommended that the taxation on investments in funds be aligned with the lower, 33 per cent capital gains tax rate...
www.askaboutmoney.com
 
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