Ireland Excludes Crypto from New Investment Accounts

The Irish government is set to launch new personal investment accounts in 2027 that will exclude cryptocurrencies and complex derivatives. The move aims to encourage households to invest their savings into capital markets, with eligible assets including listed shares, bonds, exchange-traded funds, retail investment funds, and some insurance-based products.

According to Deputy Prime Minister and Finance Minister Simon Harris, the accounts will provide a simpler way for households to invest. The government has based parts of the plan on Sweden's tax-advantaged Investeringssparkonto model.

The new system will replace Ireland's current 33% capital gains tax and 41% fund exit tax for assets held inside the account. It will also remove the deemed-disposal rule, which taxes certain unrealized fund gains every eight years.