Ireland CGT €1,270 Personal Exemption Calculator 2026

The €1,270 Annual Personal Exemption

Every Irish-resident individual has a Capital Gains Tax annual personal exemption of €1,270 for 2026 — the first €1,270 of net chargeable gains in each tax year is exempt from CGT. The exemption is per individual, not per disposal, and it cannot be carried forward or transferred to a spouse. A married couple has two separate €1,270 exemptions (€2,540 combined), but only if each spouse has gains of their own — one spouse cannot use the other\'s unused exemption. The exemption applies after losses are deducted from gains, so plan disposals to maximize the exemption. For example, a €5,000 gain offset by a €3,000 loss leaves €2,000 net gain — €1,270 is exempt and €730 is taxed at 33% = €240.90 CGT. Source: Revenue.ie — Personal Exemption.

The 33% Standard CGT Rate

The standard CGT rate in Ireland is 33% on the chargeable gain after exemptions and reliefs. The 33% rate applies to disposals of shares, investment property, business assets (subject to retirement relief and entrepreneur relief), antiques over €2,540, crypto-assets (Revenue treats crypto as a chargeable asset for CGT), and life assurance/offshore fund gains. The 40% rate applies to "unit-linked" foreign life assurance policies and most offshore funds outside EU/EEA umbrella structures — designed to discourage tax-deferred offshore wrappers. Principal Private Residence (PPR) relief fully exempts the sale of your main home if you lived in it throughout the period of ownership; partial relief applies if you let part of the home or had periods of absence. Source: Revenue.ie — CGT Reliefs.

Reporting and Payment Deadlines

Ireland operates a two-step CGT reporting and payment cycle: (1) For disposals between 1 January and 30 November (Initial Period), CGT must be paid by 15 December of the same year. (2) For disposals between 1 December and 31 December (Later Period), CGT must be paid by 31 January of the following year. The annual CGT return (Form CG1, or Form 11/12 if you also file an income tax return) is due by 31 October of the following year (or mid-November if filing electronically via ROS). Late payment triggers interest at 0.0219% per day (~8% annualised) and a 5%-10% surcharge on the underpayment. Use the ROS online system for fastest filing and acknowledgement. Source: Revenue.ie — CGT Key Dates.

Loss Set-Off and Carry Forward

Losses from chargeable disposals first offset gains in the same tax year. Unused losses carry forward indefinitely against future chargeable gains but cannot offset income tax. There is no loss carry-back in Ireland. The €1,270 personal exemption is applied after losses are set off — so if your net gain after loss-offset is below €1,270, no CGT is due but you also use up your exemption against the carried-forward loss. Strategically, large unused losses can shelter gains for many years, but inflation-erosion means the present-value benefit decays. For shares, special rules apply for "matching" purchases within 4 weeks (share-pooling rules under §581 TCA 1997). Use our Capital Gains Tax Ireland Calculator for full multi-year planning. Last updated May 2026.