Tax Reliefs
Dail Éireann — 2026-05-26
============================================================

Edward Timmins (FG), Wicklow

I understand this is a tall order because the position has not changed since 2002. That is 24 years. It has been an issue every year since then but various finance Ministers have chosen not to act. I would also argue that capital gains tax is different from income tax, gift tax and inheritance tax. In fact, tax credits and bands have increased considerably over the past 20 years. The exception has been capital gains tax, where there has been no indexation whatsoever, unlike all other taxes. When indexation was abolished, one of the reasons was capital gains tax was 20% at the end of 2002 and for a few years prior to that. That was given as a reason - we did not need taxation because it was being taxed so little. Since then, it has steadily increased, as the Tánaiste said in reply to an earlier question, and is now up at 33%.

---

Source: Houses of the Oireachtas. Licensed under CC BY 4.0 (https://creativecommons.org/licenses/by/4.0/). The Official Report is revised after first publication; the fetch timestamp below identifies the version quoted.

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