State braced for sharp drop in capital gains tax revenue

Tax experts have said that the state may lose out due to weaknesses in how a CGT exemption was structured

13th August, 2017

The government is facing the possibility that revenues from capital gains tax (CGT) on property sales will go off a cliff-edge next year, according to briefing documents.

Under a recession-era scheme to attract investors into Irish property, they were given a CGT holiday on properties bought between December 7, 2011 and December 31, 2014.

If the investors held onto the property for seven years or more, they will be allowed to avoid capital gains tax on any profit they...

Subscribe from just €1 for the first month!


What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

Content is king – just ask Netflix as rivals attempt to steal its crown

Tom Maguire: Tax changes we make now could help business for years