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Does Ireland have a higher CGT rate for "short term" capital gains on shares?

  • 16-08-2021 2:27pm
    #1
    Caspero
    Registered Users, Registered Users 2 Posts: 220 ✭✭


    In the US investors get taxed at their marginal tax rate if they invest in shares and sell within 12 months. If they hold for at least 12 months and then sell, any gains are taxed at the long-term capital gains tax rate which is lower.

    Do Irish CGT rules distinguish between short and long term gains in a similar manner? I had a look at the CGT pages on the Revenue website and couldn't find anything on that except some rules on selling and buying back again within a short period.


    I did find this document (think it's from 2013) which I think implies that we don't currently have different CGT rates for different ownership periods: https://assets.gov.ie/7674/102cc1d16e774e0da631fa0e560803b7.pdf which says "Up to 1992, the longer an asset was held, the lower the rate of CGT which applied. A similar system is currently in place in the USA – assets held for a short period are taxable at income tax rates, whereas assets held for longer periods are taxed at a reduced rate. This system would encourage longer term investment. Consideration could be given to re-introducing a multiple rate system on this basis"



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