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Revenue has updated its Capital Gains Tax (CGT) manual to reflect a change announced in the 2027 Budget.
The standard CGT rate is now 31% for qualifying disposals made on or after 7 October 2026.
New standard CGT rate
The Tax and Duty Manual Part 02-03-01A now records a 2 percentage‑point reduction to the standard CGT rate, bringing it down to 31%.
The reduced rate applies to disposals made on or after 7 October 2026. This change aligns the CGT rate with the Budget 2027 announcement.
Rate for development land unchanged
Not all CGT rates have changed. Gains arising from the disposal of development land continue to be taxed at the higher rate of 33%.
chargeable gains on disposal of development land, which continue to be chargeable to CGT at a rate of 33%
Comparison of rates
| Type of gain | Rate before change | Rate after change |
|---|---|---|
| Standard CGT | 33% | 31% |
| Development land | 33% | 33% |
Key dates
- 7 October 2026: reduced 31% CGT rate applies to qualifying disposals
Sources
- Capital Gains Tax - rate of charge (S.28) (Revenue, 6 October 2026)
Information provided courtesy of the Revenue Commissioners under a Creative Commons Attribution 4.0 International (CC BY 4.0) licence.
Drafted with the help of AI from the official sources above, then checked and edited by a person before publishing.
General information only, not financial, tax or legal advice. Rates and rules change and your own situation matters, so check with Revenue or a qualified, regulated adviser before acting on a big decision.
Reviewed by Arif Bhuiyan, FCA, ACA, MBA, MSc, and a group of Ireland-based finance professionals who want to make financial literacy easier for people in Ireland.
