Ireland Signals Overhaul of ETF Tax and Deemed Disposal Rules

Ireland is preparing a broad reform of fund taxation that could make ETFs more attractive to domestic investors. Minister of State Robert Troy said the upcoming budget will address the 38% exit tax on fund and ETF gains and the controversial deemed disposal rule, which taxes unrealized gains every eight years. The reforms are also expected to support new Savings and Investment Accounts planned for next year. The changes could narrow the tax disadvantage facing Irish ETF investors, who currently pay more than the standard 33% capital gains tax rate and receive no annual allowance.