--- title: "The First Deemed-Disposal Bills: What a Year of Monthly ETF Investing Owes (Ireland, Data)" url: https://decisionscalc.com/articles/first-deemed-disposal-bills-ireland/ description: "Computed: €300 a month into an ETF through 2019 means about €905 exit tax in 2027 at 7% growth (€1,060 at the old 41%). Every amount and growth rate, CSV." updated: 2026-11-13 publisher: DecisionsCalc note: General information, not financial, tax or legal advice. Figures name their source and the date they were read. --- Data · Ireland # The first deemed-disposal bills: what a year of monthly ETF investing owes 8 years later **Someone who put €300 a month into an ETF through 2019 faces about €905 of exit tax in 2027 on investments they have not sold, assuming 7% growth a year (€602 at 5%).** That is about 15% of what the €3,600 has grown to. At the old 41% rate it would have been €1,060: the Budget 2027 cut to 35% saves €155. At €1,000 a month the bill is about €3,016. ## The bill for one year of monthly investing | Invested each month | 3% growth | 5% growth | 7% growth | 10% growth | | --- | --- | --- | --- | --- | | €100 (€1,200 a year) | €112 | €201 | €302 | €480 | | €300 (€3,600 a year) | €336 | €602 | €905 | €1,441 | | €500 (€6,000 a year) | €560 | €1,003 | €1,508 | €2,402 | | €1,000 (€12,000 a year) | €1,120 | €2,005 | €3,016 | €4,803 | Exit tax due in the year of the first deemed disposals at 35%, for twelve purchases on the 15th of each month. Invested through 2019, the bill falls in 2027; through 2020, in 2028; through 2021, in 2029. At the same growth the amount is the same: the start year moves the bill, it does not change it. Every row, with the value and gain behind each bill and the old-rate figure: [first-deemed-disposal-bills.csv](https://decisionscalc.com/data/first-deemed-disposal-bills.csv) (CC BY 4.0). ## What the cut to 35% is worth, at €300 a month Exit tax at the first deemed disposals for €300 a month, at 35% and at the old 41%. 3% growth: €336 at 35%, €394 at 41%; 5% growth: €602 at 35%, €705 at 41%; 7% growth: €905 at 35%, €1,060 at 41%; 10% growth: €1,441 at 35%, €1,688 at 41% Dark bar: the bill at 35%. Light bar: the same gain at the old 41% rate. Source: DecisionsCalc exit-tax engine, computed 13 November 2026. ## How these were worked out - Twelve purchases on the 15th of each month of the start year, each held without selling. - Each purchase is treated as sold and bought back 8 years later (the deemed disposal), and the gain is taxed at the exit tax rate for that year: 41% to 2025, 38% in 2026, 35% from 2027 (Budget 2027). - Values grow at the stated rate each year. Real returns vary: a fund that fell in value would owe nothing at its 8-year date, and a strong year raises the bill. - Someone still investing every month gets a new set of bills each year, as each later year’s purchases reach 8 years. - The engine is the one behind our [ETF exit tax calculator](https://decisionscalc.com/tools/ireland-etf-exit-tax-calculator/), tested against Revenue’s worked examples. ## Frequently asked questions **When is the first deemed disposal for an ETF bought in 2019?** Eight years after each purchase: an ETF bought in January 2019 has its first deemed disposal in January 2027. Someone who invested every month of 2019 has twelve, one in each month of 2027. At €300 a month and 7% growth a year, the 2027 exit tax comes to about €905. **Does it matter whether I started in 2019, 2020 or 2021?** Only for when the bill arrives: 2027, 2028 or 2029. At the same monthly amount and the same growth, the bill is the same size, because each purchase is taxed on its own 8 years of growth. In real markets the years differ: what matters is what each fund is worth on its own 8-year date. **What rate applies in 2027?** Budget 2027 cut the exit tax to 35% from 1 January 2027 (38% in 2026, 41% before). The Finance Bill carrying it was not yet law on 13 November 2026; if it changes, these figures will be recomputed. **How is it paid?** Through your income tax return (Form 11) for the year of the deemed disposal: the 2027 bills go on the 2027 return, due by 31 October 2028 (later if you file online through ROS). The tax paid is credited against the tax when you eventually sell. **Can I use the figures?** Yes: the data is CC BY 4.0. Download the CSV and cite DecisionsCalc. Every figure is computed by our tested exit-tax engine, with the growth rate shown on each row. ## Related - [ETF exit tax calculator](https://decisionscalc.com/tools/ireland-etf-exit-tax-calculator/): your own purchases, every 8-year date. - [Deemed disposal in 2027: what it means](https://decisionscalc.com/articles/deemed-disposal-2027-ireland/) · [Irish investment tax guide](https://decisionscalc.com/articles/ireland-investment-tax-guide/) ## Sources - [Revenue Tax and Duty Manual 27-01a-02](https://www.revenue.ie/en/tax-professionals/tdm/income-tax-capital-gains-tax-corporation-tax/part-27/27-01a-02.pdf) (exit tax and deemed disposals) · [Department of Finance: Budget 2027](https://www.gov.ie/en/department-of-finance/) Computed 13 November 2026. General information, not advice: real bills depend on what each fund was worth on its 8-year date. Revenue decides the tax due. DecisionsCalc An independent publisher with no advertisers or sponsors. 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