Irish Revenue has updated its Tax and Duty Manual to reflect the reduction in the standard Capital Gains Tax rate from 33% to 31% for disposals made on or after 7 October 2026. Gains from the disposal of development land remain subject to the 33% rate.
Irish Revenue issued eBrief No. 142/26 on 6 October 2026, announcing updates to the tax and duty manual on the capital gains tax rate.
The updated tax and duty manual Part 02-03-01A reflects the 2% reduction in the standard rate of Capital Gains Tax (CGT), from 33% to 31%, announced in Budget 2027. The reduced rate applies to disposals made on or after 7 October 2026.
The manual also explains that different CGT rates apply to certain chargeable gains. For example, gains from the disposal of development land remain subject to CGT at 33%, as specified in Tax and Duty Manual Part 22-02-03, Development land: rate of charge.
Earlier, Ireland’s Budget 2027 introduced a range of tax measures, including reductions in capital gains tax and investment-related tax rates, higher income tax thresholds and credits, increased capital acquisitions tax thresholds, enhanced business and green incentives, and amendments to the Pillar Two global minimum tax rules.
