Tax Reliefs
Dail Éireann — 2026-05-26
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Tony McCormack (FF), Offaly

Another issue that has been raised consistently is the failure to index capital gains tax, CGT, thresholds and exemptions over time. When CGT was introduced in 1974, the annual exemption was £500 and if indexed properly would be a lot more than £500 today. That would have been 10% of the average value of a house at the time. Instead, the exemption currently stands at €1,270 and has not been adjusted since 1992, when it was set at £1,000. There is a legitimate concern that taxpayers can end up paying increased tax simply due to inflationary growth in their asset value over time rather than any real gain. Would the Tánaiste consider asking the Department to examine both indexation measures and a targeted reinvestment relief model ahead of the next budget, particularly where proceeds are reinvested into SMEs, innovation and job creation here in Ireland?

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Record URI: https://data.oireachtas.ie/akn/ie/debateRecord/dail/2026-05-26/debate/main
Retrieved: 2026-09-14T01:01:04+00:00
Sitting date: 2026-05-26