The capital gains tax rate remains unchanged at 33%. The annual personal exemption of €1,270 also remains unchanged.
Entrepreneurs Relief provides a reduced rate of capital gains tax on gains of up to €1m arising on the disposal of qualifying business assets, by qualifying individuals. The budget reduces the rate of tax applying to such gains from 20% to 10%.
Farm Restructuring Relief provides an exemption from CGT on certain sales or exchanges of farmland, the relief has been extended to the end of 2019.