34. Deputy Colm Burke asked the Tánaiste and Minister for Finance if he will consider removing the eight-year deemed disposal rule on investments; and if he will make a statement on the matter. [48084/26]

58. Deputy Aisling Dempsey asked the Tánaiste and Minister for Finance if the removal of the deemed disposal rule for certain classes of investments will be considered for Budget 2027; and if he will make a statement on the matter. [48382/26]

60. Deputy Erin McGreehan asked the Tánaiste and Minister for Finance for an update on plans for reform of deemed disposal tax; and if he will make a statement on the matter. [48385/26]

I propose to take Questions Nos. 34, 58 and 60 together.

The deemed disposal rule is an anti-avoidance measure, introduced in Finance Bill 2006 to prevent the indefinite roll-up of income and gains, and the associated loss of tax to the Exchequer, under the gross roll-up regime.

Under the deemed disposal rule, tax is levied eight years after an investment is made, and every subsequent eight years, regardless of whether a disposal has in fact occurred. The tax is levied on any gain in the value of the investment from the date of acquisition to the date of the deemed disposal. On the ultimate disposal of the investment, any tax paid is allowed as a credit against the final tax liability.

I acknowledge the complexities associated with the deemed disposal rule, but as articulated in the Funds Sector 2030 review (Funds Review), any changes to this rule requires guardrails to protect the Exchequer and ensure that appropriate taxation is paid. A balance between supporting retail investment while retaining important and necessary anti-avoidance protections, taking account of potential Exchequer impacts,?is required.

I am committed to taking the necessary action to support retail investment in Ireland. Budget 2026 introduced a reduction in the taxation rate that applies to Irish and equivalent offshore funds and Irish and certain foreign life assurance products, from 41% to 38%.

Budget 2026 also included a commitment to publish a roadmap on the taxation of retail investment, setting out an approach to simplify and adapt the tax framework to further support retail investment, while retaining necessary and important anti-avoidance protections, in a proportionate manner. The roadmap will take the Commissions Savings and Investment Account recommendation, and the Funds Review, including the issue of deemed disposal, into consideration.

As I announced at the first annual Savings and Investment Forum, on 31 March, a key aspect of the roadmap is the development of a new investment account that aims to reduce the complexities related to retail investment taxation and allow individuals to grow their savings more efficiently. My officials are continuing to engage with experts and stakeholders as work is progressing on the development of the account, taking on board the range of ideas on the design of an effective investment account in Ireland, that best fits the Irish economy and the needs of Irish households.

The roadmap is expected to be published in summer 2026.