Capital Gains Tax on Property in Ireland: Complete Guide 2026
Capital Gains Tax (CGT) is charged on the profit when you sell or dispose of an asset that has increased in value. In Ireland, the CGT rate is 33% on gains above the annual exempt amount of €1,270.
Is Your Home Exempt from CGT?
The Principal Private Residence (PPR) relief exempts your main home from CGT provided it was your principal residence throughout the ownership period. The last 12 months of ownership always qualifies, and the garden up to one acre is included.
CGT on Investment Properties
If you sell a buy-to-let, holiday home, or other investment property, CGT applies at 33% on the gain. The gain is calculated as the sale price minus the original purchase price, adjusted for allowable costs including solicitor fees, estate agent fees, stamp duty paid on purchase, and capital improvement costs.
Key CGT Reliefs
Several reliefs can reduce CGT: the €1,270 annual exempt amount, retirement relief for business owners aged 55+, Entrepreneur Relief (10% rate on gains up to €1 million on qualifying business assets), and capital losses which can be offset against gains in the same or future years.
Payment Deadlines
CGT on disposals from January to November must be paid by 15 December. CGT on December disposals must be paid by 31 January the following year. All disposals must be reported in your annual tax return.
Frequently Asked Questions
Is there CGT on inherited property in Ireland?
Inheritances attract Capital Acquisitions Tax (CAT), not CGT. However, if you later sell an inherited property, CGT applies to any gain from the date you inherited it to the date of sale.
What is the CGT rate in Ireland in 2026?
The standard CGT rate is 33%. A reduced rate of 10% applies under Entrepreneur Relief on qualifying gains up to €1 million on disposal of certain business assets.
Can renovation costs reduce CGT?
Capital improvements that add lasting value to the property can be deducted when calculating your CGT gain. Normal maintenance and repairs are not allowable for CGT purposes.
This article is for informational purposes only. Consult a solicitor of your choice. for advice specific to your situation.
