Crypto31 August, 20262 min read
Ireland’s Department of Finance Excludes Crypto From New Tax-Advantaged Personal Investment Accounts
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Ireland will exclude cryptocurrencies from new tax-advantaged personal investment accounts planned for 2027. Eligible investments in the accounts are stocks, bonds, and ETFs; crypto and derivatives are blocked.
7 outlets told this the same way.
Ireland bars crypto
Ireland’s Department of Finance has unveiled plans for new personal-investment accounts that are designed to be tax-advantaged for retail investors, but the scheme will exclude crypto assets and derivatives. RTÉ reports that the Government’s roadmap seen by RTÉ News says investing in risky products such as crypto assets and derivatives will not be allowed, while the accounts are expected to be up and running early next year.
The Department of Finance roadmap also says the accounts will allow investments in stocks, bonds, exchange-traded funds and other investment funds, with crypto assets and derivatives excluded as “highly complex and risky” products. RTÉ adds that any Irish tax resident aged 18 and over will be eligible to open one of the new personal investment accounts, and that eligible providers will include MiFID-authorised service providers, regulated fund managers, and regulated insurers or firms.
Tax rules and thresholds
A central feature of the new accounts is that deemed disposal tax will not apply to any funds held in investment accounts, a change that RTÉ says would otherwise tax gains treated as sold every eight years. RTÉ explains that under deemed disposal, every eight years certain investments are treated as if they have been sold for tax purposes, and that gains on such investments are taxed at 38%.
The roadmap also sets a tax-free threshold and a low flat rate of tax applying annually to the value of accounts above that threshold, with below-threshold holdings due no tax. RTÉ further reports that there will be no minimum contribution, holding or lock-in period for investors, and that they will be allowed to move their accounts between providers with no tax liability, though an annual maximum contribution limit will apply.
Regulatory stance and rollout
The crypto exclusion is framed alongside Ireland’s broader effort to tighten oversight of digital assets, including proposed reforms to strengthen Anti-Money Laundering requirements for the sector. TradingView says the exclusion comes as Ireland takes a more active approach to crypto oversight, including proposed reforms to strengthen Anti-Money Laundering requirements for the sector.
RTÉ reports that Tánaiste and Minister for Finance Simon Harris is due to announce a roadmap for the new State-backed accounts tomorrow, with the specific amount of the tax-free threshold, flat tax rate, and yearly contribution limit to be announced in October’s budget. Decrypt adds that Harris set out the scheme’s shape on Sunday in a video posted to Instagram, saying he wanted the accounts to “make a real difference in building up your own economic resilience.”