Ireland's new Investment Account takes ETFs and shares but shuts out crypto

Crypto assets will not be included in the tax-advantaged Investment Account Ireland plans to open to every adult in 2027, the government confirmed on Monday.

The list includes listed shares, bonds, and exchange-traded funds (ETFs).

The thresholds and rates land on Budget day, October 6

The rules are set out in a Roadmap for the Taxation of Retail Investment, which was published by the Tánaiste and Minister for Finance Simon Harris and Minister of State Robert Troy on August 31.

Eligible holdings are listed shares, listed bonds, instruments traded on a regulated market, and a range of retail investment funds, including ETFs.

“Highly complex and risky products, including derivatives and crypto assets, will not be eligible,” the roadmap states.

The roadmap also excludes interest-bearing cash, putting cryptocurrencies in the same class as the riskiest instruments the Department of Finance was willing to name.

“Capital markets should not feel remote or like something that is only for people with significant wealth or financial expertise,” Harris said.

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