Question 1

What is the CGT rate in Ireland and what is the annual exemption?

Accepted Answer

Ireland charges Capital Gains Tax (CGT) at a rate of 33% on chargeable gains. This applies to the sale or disposal of assets including shares, property (other than your principal private residence), cryptocurrency, and other investments.

Each individual has an annual CGT exemption of €1,270, which is not transferable between spouses. Gains below this threshold in a tax year are not subject to CGT. Losses realised in the same year, or carried forward from prior years, can offset gains before app

Question 2

How is cryptocurrency taxed in Ireland — income tax on receipts and CGT on disposal?

Accepted Answer

Ireland's Revenue treats cryptocurrency as an asset subject to CGT on disposal, and as income when received as payment or earned through certain activities.

When you sell, swap, or otherwise dispose of cryptocurrency, any gain is subject to CGT at 33%. The gain is the disposal proceeds minus the acquisition cost (adjusted for allowable expenses and indexation, where applicable). Each individual has a €1,270 annual CGT exemption. Losses can offset gains within the same year or be carried forward

Question 3

How does Irish CAT (Capital Acquisitions Tax) work — what are the group thresholds?

Accepted Answer

Capital Acquisitions Tax (CAT) is Ireland's combined inheritance and gift tax, charged at a flat rate of 33% on the taxable value of gifts and inheritances above the applicable group threshold.

For 2024, there are three group thresholds. Group A (€335,000) applies to gifts or inheritances received from a parent by a child, or to a minor child of a deceased child. Group B (€32,500) applies to gifts from grandparents, siblings, aunts, uncles, and nieces or nephews. Group C (€16,250) applies to al

Categories

CGT & Investments

What is the CGT rate in Ireland and what is the annual exemption?

How is cryptocurrency taxed in Ireland — income tax on receipts and CGT on disposal?

How does Irish CAT (Capital Acquisitions Tax) work — what are the group thresholds?