Emer C.: I raise the deemed disposal rule for exchange traded funds, ETF. I welcome the reduction in the exit tax rate announced in the budget, but the rule itself remains the difficulty. Under the deemed disposal rule, investors are taxed every eight years on gains they have not realised. This creates an opportunity cost for savers. To pay the tax, investors may need to liquidate part of their ETF holdings or use cash that otherwise could have remained invested, meaning the long-term growth is reduced and the benefits of compounding are not fully realised. In both cases, I am told, it penalises prudent, long-term investments. Will the Taoiseach indicate whether the Government has any short- or long-term plans to address the rule? Taoiseach: Deputy Currie mentioned the exit tax rate in terms of funds and so on. I think the Finance Bill might be an opportunity for her to press that case with the Minister, Deputy Donohoe. That allows for more detailed examination of issues of that kind. I accept the basic principle that sustainable investment and good practice is what we should be encouraging and facilitating. Edit: response provided to u/pallotron Link: [reddit.com/.../njvml95](reddit.com/.../njvml95) Dear <redacted>, Thank you for your email and for sharing your concerns regarding the deemed disposal rule. We fully understand the frustration this measure causes for investors and appreciate you taking the time to outline its impact. It is still fully the intention of Fine Gael to deliver the agreed Programme for Government, including the removal of the deemed disposal measure. Our Funds Sector 2030 review is a five-year plan, and while we appreciate your disappointment, this is the first of five Budgets to be delivered by this Government. Budget 2026 has taken an important first step by reducing the ETF exit tax from 41% to 38%, and the Minister has assured us that he remains committed to bringing the rate down towards 33% and ultimately removing the deemed disposal measure. Thank you again for raising this issue. Kind regards, Jude Constituency Office of Maeve O’Connell TD Dublin Rathdown Address: Leinster House, Kildare Street, Dublin

Email from our local FG TD. Dear Thank you for taking the time to share your concerns regarding the continued inclusion of the Deemed Disposal measure in Budget 2026. I understand your disappointment and appreciate your engagement on this important issue. It is still fully the intention of Fine Gael to deliver the agreed-upon Programme for Government, which includes the removal of the Deemed Disposal measure. We recognise the concerns raised by the Tax Strategy Group, the Oireachtas Finance Committee, and independent experts, and we remain committed to reforming this outdated policy. Budget 2026 marks the first of five budgets to be delivered under the current government. Our Funds Sector 2030 review is a five-year plan aimed at modernising Ireland’s investment and savings landscape. While we were not able to remove Deemed Disposal in this budget due to budgetary constraints, we have taken a meaningful first step by reducing the ETF exit tax from 41% to 38%. I have received assurances from the Minister for Finance that he remains committed to the full removal of the Deemed Disposal measure and to further reducing the tax rate toward 33%. These changes are part of a phased approach, and we will continue to work toward delivering on our commitments in the upcoming budgets. Your feedback is invaluable, and I will ensure it is shared with my colleagues as we continue to advocate for fair and forward-looking tax policies that support long-term financial security for all Irish savers. Yours sincerely, Grace Boland Fine Gael TD for Dublin Fingal West

Robert Troy - Minister of state LinkedIn's post: 💼 ETF Tax Reform - Just the First Step As highlighted in my [Business Post](linkedin.com/.../businessposthq) interview, reducing the ETF and fund exit tax from 41% to 38% is an important first step — but it’s part of a broader reform agenda. Our goal is to simplify Ireland’s investment tax system, align rates more closely with capital gains tax, and ultimately address the deemed disposal anomaly, which continues to discourage long-term investing. Ireland is already a European leader in ETF management. By modernising our tax framework, we can ensure Irish investors aren’t disadvantaged and that household savings are put to work safely - supporting housing, infrastructure, and innovation. Further progress will come through the Retail Investment Roadmap in early 2026, building on our work under Ireland for Finance to strengthen competitiveness and promote smarter investment.