Budget tax changes: devil will be in the details of Finance Bill

If a reduction in the overall capital gains rate is not possible then consideration should be given to a reduction in the rate applicable for gains arising on the disposal of investments in SMEs

Paschal Donohoe, Minister for Finance: the government should do all it can to make investment in small-scale, high-potential entrepreneurship easier. Picture: RollingNews

Much is rightly made of the contents of the budget speeches delivered in the Dáil. But from a tax perspective, the devil will be in the detail of the Finance Bill which is due out later this month. The budget lays out the strategy, and the bill lays out the legislative blueprint for the tax changes.

There are generally three stages to an investment decision: making the investment, staying with the investment and exiting the ...