ETF exit tax and deemed disposal calculator for Ireland
Lump sum or monthly investing: every 8-year deemed disposal, exit tax at 38% and 35%, what you keep, and how it compares with shares and the new Investment Account.
ETF exit tax calculator
For accumulating ETFs and funds: a lump sum, monthly investing or both. Every purchase gets its own 8-year deemed disposal date, taxed at the rate in force on that date.
Growth is an assumption, not a forecast. The fee comes off every year, as it does inside the fund.
Fund value after fees, against what you put in. Exit tax is paid from outside the fund in this estimate.
Total tax cost: the tax itself plus the growth lost on tax paid before you sell.
Every tax year with a deemed disposal or a sale. Revenue expects a Form 11 for each, even when the tax works out at zero.
| TAX YEAR | WHAT HAPPENS | GAIN | RATE | EXIT TAX | FILE BY |
|---|---|---|---|---|---|
| 2034 | Deemed disposal: 3 purchases reach their 8-year date | €7,945 | 35%* | €2,781 | 31 October 2035 |
| 2035 | Deemed disposal: 12 purchases reach their 8-year date | €4,145 | 35%* | €1,451 | 31 October 2036 |
| 2036 | Deemed disposal: 12 purchases reach their 8-year date | €4,145 | 35%* | €1,451 | 31 October 2037 |
| 2037 | Deemed disposal: 12 purchases reach their 8-year date | €4,145 | 35%* | €1,451 | 31 October 2038 |
| 2038 | Deemed disposal: 12 purchases reach their 8-year date | €4,145 | 35%* | €1,451 | 31 October 2039 |
| 2039 | Deemed disposal: 12 purchases reach their 8-year date | €4,145 | 35%* | €1,451 | 31 October 2040 |
| 2046 | Deemed disposal: 18 purchases reach their 8-year date Sale for €286,223, €33,730 already paid credited | €156,223 | 35%* | €23,876 | 31 October 2047 |
Each purchase is taxed on its gain over what it cost, less exit tax it has already paid; at the sale that tax is credited, so in total you shouldn't pay more than the tax on your actual gain. If you're registered for self-assessment, preliminary tax for a year is due by 31 October of that year. 35% from 2027 as announced, subject to the Finance Bill. Simplified: accumulating fund, purchases at the start of each month, steady growth, no broker fees, no part-sales. Personal portfolio funds pay 60%.
Estimates based on Revenue.ie 2026 tax-year rates and simplified rules — for guidance only, not personal tax advice. Your exact position can differ. Get an exact figure from us →
How this is calculated
ETFs and investment funds in Ireland are taxed under the exit tax regime, not capital gains tax.
- Rate: depends on when each tax event happens: 41% up to 2025, 38% in 2026 and 35% from 1 January 2027, as announced in Budget 2027 and subject to the Finance Bill.
- Deemed disposal: each purchase is treated separately. On its eighth anniversary you pay exit tax on its gain so far, measured on what it cost, even though you haven't sold.
- Monthly investing: if you invest every month, each monthly purchase has its own eight-year date, so the tax arrives in small amounts every month once the first purchases turn eight.
- On sale: when you sell, the exit tax already paid on each purchase is credited, so in total you shouldn't pay more than the tax on your actual gain.
How the calculator works: it grows your money month by month at the rate you choose, less the fund's yearly fee, applies the right rate to every event, and adds up the tax for each tax year, with the date the Form 11 is due. If you already hold the fund, enter today's value and it works out the growth so far from your real figure.
Comparisons: it also shows the growth you lose by paying tax early, your yearly return before and after tax, and the same plan taxed as individual shares (capital gains tax after the €1,270 yearly exemption) or held in the Irish Investment Account as announced (1% a year on the value above €50,000).
Exit tax rates in Ireland
| WHEN THE TAX EVENT HAPPENS | RATE | SOURCE |
|---|---|---|
| 2015 to 2025 | 41% | Revenue manual 27-04-01 |
| 2026 | 38% | Revenue manual 27-01a-02 |
| From 1 January 2027 | 35% (announced, subject to the Finance Bill) | Budget 2027 statement |
Deemed disposal with monthly investing: a worked example
Say you invest €500 a month during 2027 and the fund grows 7% a year. The €500 you invest in January 2027 reaches its eight-year date in January 2035, worth €500 × 1.07⁸ = €859.09. The gain is €359.09, so the exit tax is €359.09 × 35% = €125.68.
Each of the twelve purchases made in 2027 does the same a month apart, so 2035 brings twelve deemed disposals and €1,508.19 of exit tax. They all go on your 2035 Form 11, due by 31 October 2036. In 2036 the purchases from 2028 follow, and so on every year you keep investing. When you sell, each purchase is taxed on its full gain and the tax it already paid is credited, which the timeline above shows.
What Revenue expects from you
- For most ETFs bought through a broker, nobody deducts exit tax for you. Revenue's guidance on offshore funds puts the onus on you to make a return.
- File a Form 11 for each year with a deemed disposal, a sale or a distribution, in the section headed "Offshore Funds (Part 27 Ch 4)". Being on PAYE doesn't change this.
- The return and the balance are due by 31 October of the following year, under Revenue's self-assessment rules. If you're registered for self-assessment, preliminary tax for the year is due by 31 October of that year.
- Keep a record of every purchase: date, units and cost. Each one has its own eight-year date.
The full rules, including US-domiciled ETFs, distributing funds and pensions, are in our guide to exit tax in Ireland. Selling individual shares instead? Use the capital gains tax calculator.
Questions people ask
What is the exit tax rate on ETFs in Ireland?
38% for 2026. Budget 2027 announced 35% from 1 January 2027, subject to the Finance Bill. It was 41% before 2026. USC and PRSI don't apply. Personal portfolio funds pay 60%.
How is deemed disposal calculated?
On the eighth anniversary of each purchase, the gain is its value on that date minus what it cost. You pay exit tax on that gain at the rate in force on the date, less any exit tax already paid on the same purchase. The tax is credited when you finally sell.
How does deemed disposal work if I invest every month?
Each monthly purchase has its own eight-year clock. If you invest €500 a month through 2027, you'll have twelve deemed disposals in 2035, one for each purchase, all reported on your 2035 Form 11. The calculator lists them tax year by tax year.
What if my ETF falls after a deemed disposal?
The tax you already paid is taken into account when you sell, so the total doesn't exceed the tax on your actual gain. If the value ends up below what you paid, the earlier tax comes back as a credit, which the calculator shows on the sale line.
Is ETF exit tax higher than CGT on shares?
Usually. Shares pay CGT at 31% from 7 October 2026 after a €1,270 yearly exemption, with losses usable and no deemed disposal. The calculator shows the same plan taxed both ways.
Will the Irish Investment Account be cheaper than holding ETFs?
Budget 2027 announced an account from 1 July 2027 with no deemed disposal, a 1% yearly tax on the value above €50,000 and a €12,000 yearly contribution limit. For many savers that's far less tax than exit tax, and the calculator estimates it for your plan. The Finance Bill will set the detail, including how withdrawals are treated.
Do PAYE employees need to file a tax return for ETFs?
Yes. Revenue's guidance points to a Form 11 for each year with a distribution, a sale or a deemed disposal, in the offshore funds section. The myAccount Form 12 has no section for it. The calculator lists the years and the 31 October deadline for each.
Rates last updated: October 2026 · How we verify
Read the detail
Exit Tax in Ireland: How ETFs Are Taxed, and What Changes in 2027 explains the rules behind this number.