How wealth tax works in Ireland
Ireland currently has no general annual tax on an individual’s worldwide net wealth. Bank accounts, listed portfolios and private company shares are not subject to an Irish net wealth tax as such.
Property ownership still creates tax. Local property tax applies to residential property, and stamp duty can apply on acquisitions. Those are transaction or property taxes, not a broad wealth tax.
The bigger wealth-transfer cost in Ireland is usually Capital Acquisitions Tax on gifts and inheritances, not an annual wealth charge.
Tax rates at a glance
- Net wealth tax
- 0%Zero
- Annual asset tax
- 0%
- Local property tax
- Applies
Who benefits most
These profiles tend to benefit most when the rules match their real residence, payroll and business setup.
InvestorsFoundersHigh earnersFamily officesExpats
Watch out for
- No wealth tax does not mean low lifetime tax on wealth. CGT at 33% and CAT at 33% can be more important than an annual levy.
- Residential property still brings local property tax and potential stamp duty on purchase.
- Domicile and residence can still affect how foreign assets are taxed on income, gains or inheritance.
Frequently asked questions
Does Ireland have a wealth tax?
No. Ireland does not currently levy a general net wealth tax.
Are shares taxed as wealth in Ireland?
Not through an annual wealth tax. Shares can still create income tax, DWT, CGT or CAT depending on the event.
Is Ireland good for wealth holding?
It can work for people focused on avoiding annual net wealth tax, especially alongside the 12.5% corporate regime, but personal income tax, CGT and CAT remain material.