Dáil debates
Tuesday, 6 December 2011
Financial Resolution No. 12: Life Assurance Policies and Investment Funds
Financial Resolution No. 10 is in respect of capital gains tax which will be raised from 25% to 30%. Resolution No. 11 deals with deposit interest retention tax, DIRT, which will increase by 3 percentage points from 27% to 30%. In the case of products that have their interest paid less frequently, including life insurance-type policies and investment policies of that nature, the rate will increase from 30% to 33%. The combined measure will raise €45 million in a full year.
No comments