Ireland Excludes Crypto from New Investment Account Tax Plan

Ireland's new investment account tax plan excludes crypto assets entirely, citing complexity and risk concerns.

The Department of Finance has published a roadmap for a tax-friendly Investment Account open to ordinary residents aged 18 or older with a Personal Public Service Number.

Qualifying investments include listed shares, listed bonds, ETFs, and certain retail investment funds, but crypto assets and derivatives are not included due to their high-risk nature.

The government has stated that it wants to encourage mainstream investment activity into the formal, taxed economy while keeping crypto at arm's length from tax incentives.