Capital Gains Tax

Relevant Authorities: Capital Gains Tax Act, 1975 and subsequent Finance Acts

  • Tax charged at 33%* on disposals made from 6th December, 2012 (including development land)**.

  • Annual exemption €1,270 per individual.

  • Non-transferable between spouses or civil partners.

  • Land transfer of site of not more than 1 acre from parent to child, valued not more than €500,000, for purpose of building principal private residence, is exempt.

* Note: A different rate may apply to certain assets, in limited circumstances.
** Note: Development rules apply regarding indexation.

Multipliers

In relation to the disposal of an asset made on or after 1st January 2003, the multiplier is the figure mentioned in column 2 of the table below, opposite the mention in column 1 of the Table of the year of assessment in which the deductible expenditure was incurred.

Capital Gains Tax Multipliers

 

Multipliers for Disposal in Year Ended

5 April 2000

5 April 2001

31 December 2001

31 December 2002

31 December 2003

31 December 2004 etc.

1974/75

6.313

6.582

6.930

7.180

7.528

7.528

1975/76

5.099

5.316

5.597

5.799

6.080

6.080

1976/77

4.393

4.580

4.822

4.996

5.238

5.238

1977/78

3.766

3.926

4.133

4.283

4.490

4.490

1978/79

3.479

3.627

3.819

3.956

4.148

4.148

1979/80

3.139

3.272

3.445

3.570

3.742

3.742

1980/81

2.718

2.833

2.983

3.091

3.240

3.240

1981/82

2.246

2.342

2.465

2.554

2.678

2.678

1982/83

1.890

1.970

2.074

2.149

2.253

2.253

1983/84

1.680

1.752

1.844

1.911

2.003

2.003

1984/85

1.525

1.590

1.674

1.735

1.819

1.819

1985/86

1.436

1.497

1.577

1.633

1.713

1.713

1986/87

1.373

1.432

1.507

1.562

1.637

1.637

1987/88

1.328

1.384

1.457

1.510

1.583

1.583

1988/89

1.303

1.358

1.430

1.481

1.553

1.553

1989/90

1.261

1.314

1.384

1.434

1.503

1.503

1990/91

1.210

1.261

1.328

1.376

1.442

1.442

1991/92

1.179

1.229

1.294

1.341

1.406

1.406

1992/93

1.138

1.186

1.249

1.294

1.356

1.356

1993/94

1.117

1.164

1.226

1.270

1.331

1.331

1994/95

1.098

1.144

1.205

1.248

1.309

1.309

1995/96

1.071

1.116

1.175

1.218

1.277

1.277

1996/97

1.050

1.094

1.152

1.194

1.251

1.251

1997/98

1.033

1.077

1.134

1.175

1.232

1.232

1998/99

1.016

1.059

1.115

1.156

1.212

1.212

1999/00

—

1.043

1.098

1.138

1.193

1.193

2000/01

—

—

1.053

1.091

1.144

1.144

2001

—

—

—

1.037

1.087

1.087

2002

—

—

—

—

1.049

1.049

2003 et seq.

—

—

—

—

—

1.000

Note

No indexation available for disposals made within 12 months of acquisition. Indexation relief only applies for the period of ownership up to 31.12.02 for disposals on or after 01.01.2003. In the case of disposals made 1 January – 30 November, the tax must be paid by 15 December of the same year. For disposals made 1 December – 31 December, the tax must be paid by 31 January the following year.