Are any Capital Gains exempt from CGT? Gains on the disposal of some assets are specifically exempted from CGT. These include:
Gains on the disposal of property owned by you (a house, apartment, etc.) which was occupied by you or by a dependent relative as a sole or main residence. Restrictions may apply where the property was not fully occupied as a main residence throughout the period of ownership or where the sale price reflects development value.
Gains from betting, lotteries, sweepstakes, bonuses payable under the National Instalments Savings Scheme and Prize Bond winnings.
Gains on Government Stocks and other securities (e.g. securities issued by certain semi-State bodies).
Gains on disposal of wasting chattels (e.g. animals, private motor cars, etc.)
Gains on Life Assurance policies (unless purchased from another person or taken out with certain foreign insurers on or after 20 May 1993).
Gains made by individuals on tangible moveable property (e.g. household furniture) where the consideration does not exceed €2,540.