347. Deputy Michael Lowry asked the Minister for Finance to consider abolishing the deemed disposal tax on investment funds and ETFs, which requires individuals to pay capital gains tax on unrealised gains after eight years, regardless of whether the assets are sold; if his attention has been drawn to the financial burden this places on young investors who are just beginning to invest and work towards their financial goals; if he will outline any plans to review this policy to promote long-term investment, boost economic growth, and create a more investor-friendly environment; if the Minister will review the attached correspondence from a recent graduate with a degree in economics and finance from UCD (details supplied); and if he will make a statement on the matter. [34837/24]

Summary

347. Deputy Michael Lowry asked the Minister for Finance to consider abolishing the deemed disposal tax on investment funds and ETFs, which requires individuals to pay capital gains tax on unrealised gains after eight years, regardless of whether the assets are sold; if his attention has been drawn to the financial burden this places on young investors who are just beginning to invest and work towards their financial goals; if he will outline any plans to review this policy to promote long-term investment, boost economic growth, and create a more investor-friendly environment; if the Minister will review the attached correspondence from a recent graduate with a degree in economics and finance from UCD (details supplied); and if he will make a statement on the matter. [34837/24]

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• Tax Code

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