Ireland Excludes Crypto from New Tax-Free Investment Account

The Irish government has announced that its new tax-free Investment Account will exclude cryptocurrencies and other high-risk products. The account, set to launch in 2027, will allow every adult Irish resident to invest in a range of assets, including listed shares, bonds, and exchange-traded funds (ETFs), without paying tax on gains below a certain threshold.

The rules governing the account are outlined in a Roadmap for the Taxation of Retail Investment, published by Tánaiste and Minister for Finance Simon Harris and Minister of State Robert Troy. The roadmap states that eligible holdings include listed shares, listed bonds, instruments traded on a regulated market, and retail investment funds such as ETFs.

Crypto assets, derivatives, and interest-bearing cash are not included in the list of eligible holdings. This means that investors will need to hold their cryptocurrencies outside of the tax-free account to avoid paying taxes on gains.