Well before the opening statement of Budget 2021 on 13 October 2020, it was already clear that the chief focus for the Minister for Finance, Paschal Donohoe TD, would be the introduction and extension of unprecedented stimuli to mitigate the effect of the Covid-19 pandemic on the Irish economy. By comparison to these headline measures, the changes introduced across the capital gains tax (CGT), capital acquisitions tax (CAT) and stamp duty tax heads appeared almost cursory. As the dust settled, and after consultation and amendment at the Committee Stage, the Finance Act 2020 (FA 2020) was signed into law by President Michael D. Higgins on 19 December 2020. This article seeks to examine and comment on the key (and potentially overlooked) changes to the above areas.
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