What falls under the exit tax regime
Irish-domiciled ETFs (iShares Core range, Vanguard Ireland plc), EU-domiciled UCITS funds, Irish life assurance bonds, and certain offshore funds listed under s.747G TCA. US-domiciled ETFs (VTI, VOO, SPY) fall outside the regime and are taxed as ordinary shares under CGT at 33%.
The 8-year deemed disposal rule
Every eight years from purchase, the fund is treated as sold and repurchased at market value. Tax at 41% is payable on the gain even though you've received no cash. The acquisition cost is then reset, so you're not taxed twice on the same growth on the final sale.
Reporting on Form 11
Gains are reported at panel C of the Form 11, not the CGT panel. The 41% is separate from your CGT computation and cannot be offset with capital losses from shares.
Platform data, cleaned up
Degiro, Interactive Brokers, Trading 212, each reports differently, and none of them file your Irish return. We extract the positions, classify each fund under the correct regime, calculate the exit tax (or CGT where applicable), and file.
FAQ
I bought an ETF 7 years ago and haven't sold. Do I owe tax? +
Not yet, but you will at year 8, on the unrealised gain. We'll calculate it ahead of the anniversary and calendar the payment.
Why is the rate 41% when CGT is 33%? +
Collective investments are a separate tax regime. The trade-off is that they're taxed in the fund at 0% on the way up, which is why the exit rate is higher.
I hold VTI on an Irish platform. Exit tax? +
No, VTI is US-domiciled, so it falls under CGT at 33%. The domicile of the fund matters, not the broker.