{"id":616635,"date":"2026-09-06T21:52:18","date_gmt":"2026-09-06T21:52:18","guid":{"rendered":"https:\/\/www.newsbeep.com\/ie\/616635\/"},"modified":"2026-09-06T21:52:18","modified_gmt":"2026-09-06T21:52:18","slug":"irelands-etf-investors-face-another-wait-for-deemed-disposal-reform-the-irish-times","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/ie\/616635\/","title":{"rendered":"Ireland\u2019s ETF investors face another wait for deemed-disposal reform \u2013 The Irish Times"},"content":{"rendered":"<p class=\"c-paragraph paywall \">Junior finance minister <a href=\"https:\/\/www.irishtimes.com\/tags\/robert-troy\" target=\"_self\" rel=\"nofollow noopener\" title=\"https:\/\/www.irishtimes.com\/tags\/robert-troy\">Robert Troy<\/a> recently signalled that the Government was finally going to tackle Ireland\u2019s deemed-disposal regime for exchange-traded funds (ETFs).<\/p>\n<p class=\"c-paragraph paywall \">Deemed disposal, which requires investors to pay tax every eight years on gains in ETFs, even if they have not sold them, is \u201cfrom a bygone era\u201d, he said.<\/p>\n<p class=\"c-paragraph paywall \">While he was \u201cnot putting words\u201d into Minister for Finance Simon Harris\u2019s mouth, \u201cI think he recognises that it needs to be addressed\u201d. This must happen, he added, \u201cbefore any new savings and investment account is launched.\u201d<\/p>\n<p class=\"c-paragraph paywall \">Well, no. Days later, the Government confirmed that Budget 2027 would provide full details of the new Savings and Investment Account (SIA), with investments held within it exempt from the deemed disposal rule. <\/p>\n<p class=\"c-paragraph paywall \">However, reform of the existing regime has been put off again, with the Government now saying that even reviewing deemed disposal can wait until Budget 2028 \u201cand beyond\u201d.<\/p>\n<p class=\"c-paragraph paywall \">It\u2019s a long time to spend considering a problem that successive governments have already spent years considering. <\/p>\n<p class=\"c-paragraph paywall \">The Commission on Taxation and Welfare first called for a review in 2022. The Funds Sector 2030 review followed in 2023 and reported in October 2024, recommending the removal of deemed disposal and the introduction of limited loss relief.<\/p>\n<p class=\"c-paragraph paywall \">Now, having spent four years considering the problem, government has decided to consider it a little longer, with further reform something to consider from 2028 onwards.<\/p>\n<p class=\"c-paragraph paywall \">Additionally, delay is not the only problem. The Government\u2019s new roadmap explicitly says it does not propose introducing loss relief. <\/p>\n<p class=\"c-paragraph paywall \">An investor can therefore make \u20ac5,000 on one ETF and lose \u20ac5,000 on another, making no overall gain but still having to pay tax.<\/p>\n<p class=\"c-paragraph paywall \">Investors will no doubt be watching the details of the new SIA closely, but many will be disappointed that reform of the wider regime has been kicked further down the road.<\/p>\n","protected":false},"excerpt":{"rendered":"Junior finance minister Robert Troy recently signalled that the Government was finally going to tackle Ireland\u2019s deemed-disposal regime&hellip;\n","protected":false},"author":2,"featured_media":616636,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[5168,72,61,975,60,50158,70],"class_list":["post-616635","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-budget","tag-business","tag-ie","tag-investment","tag-ireland","tag-robert-troy","tag-simon-harris"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/616635","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/comments?post=616635"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/posts\/616635\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media\/616636"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/media?parent=616635"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/categories?post=616635"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/ie\/wp-json\/wp\/v2\/tags?post=616635"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}