839. Deputy Barry Ward asked the Tánaiste and Minister for Finance the position regarding any research carried out by his Department into the removal of the deemed disposal rule in the context of investment funds; and if he will make a statement on the matter. [63630/26]

840. Deputy Barry Ward asked the Tánaiste and Minister for Finance his views on the merits of removing the deemed disposal rule in the context of investment funds; and if he will make a statement on the matter. [63629/26]

842. Deputy Michael Cahill asked the Tánaiste and Minister for Finance to urgently address issues with the delay the removal of the deemed disposal (further details); and if he will make a statement on the matter. [63670/26]

848. Deputy Michael Healy-Rae asked the Tánaiste and Minister for Finance if the deemed disposal rule will be removed as part of Budget 2027. [63713/26]

862. Deputy Emer Currie asked the Tánaiste and Minister for Finance the timeline for the further consideration of the broader reform of deemed disposal; and if there is still scope to make provision for reform in Budget 2027. [63831/26]

866. Deputy Emer Currie asked the Tánaiste and Minister for Finance if consideration has been given to abolishing the deemed disposal rule in respect of investment undertaking tax as part of Budget 2027. [63854/26]

I propose to take Questions Nos. 839, 840, 842, 848, 862 and 866 together.

As the Deputies are aware, the final report of the Fund 2030 Review, Funds Sector 2030: A Framework for Open, Resilient and Developing Markets Final Report, made recommendations regarding the taxation of investments. It also noted that changes to the deemed disposal rule require guardrails to protect the Exchequer and ensure that appropriate tax is paid.

Developing such guardrails requires careful consideration to ensure that any changes strike a balance between supporting retail investment while retaining necessary anti-avoidance protections and considering changes in the investment landscape since its introduction in Finance Bill 2006.

In addition, for every Budget, the cost to the Exchequer of different polices must be considered in the context of the agreed Budget package, and there is an immediate Exchequer impact from removing deemed disposal, notwithstanding the potential for more tax to be paid at a future date.

As outlined in the recently published roadmap, measures of this nature are considered as part of the annual budgetary process and, in line with usual Budget process, there be will no commentary on individual Budget decisions or prejudging of future decisions ahead of October. Any decision has to consider the Budget ceilings agreed by Government, and the range of options across the entire tax system.

A key aspect of the roadmap is the inclusion of key parameters of the proposed new investment account, acknowledging the need for industry to understand how the account is intended to operate. This information is to facilitate the design and introduction of the necessary operational systems by providers, to allow accounts to be available from 2027, with the specific details of the investment account forming part of the normal budgetary process, in October 2026. The intention is to legislate for the account in 2026 and to allow accounts to be offered in 2027.

Any further detail not announced in the roadmap will also form part of the normal budgetary process.