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ARTICLE · 05 NOVEMBER 2026

Budget 2027: Five Key Takeaways For Private Equity In Ireland

William Fry LLP
William Fry LLP
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William Fry LLP

William Fry LLP

William Fry advises leading Irish and international companies, covering both the public and private...

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Ireland's Budget 2027 introduces a capital gains tax cut to 31%, reduces fund exit tax to 35%, and promises simplification of interest relief rules for acquisition finance. While incremental rather than transformative, these measures modestly improve exit returns for private equity sponsors, enhance fundraising conditions, and strengthen portfolio company cash flow through R&D credit enhancements and more flexible preliminary tax rules.

IrelandTax
Cormac McGrady
Cormac McGrady
Colin Bolger
Colin Bolger
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Budget 2027 is incremental rather than transformative for private equity: a 2-point cut in capital gains tax, a lower exit tax on funds, promised simplification of interest relief, R&D credit enhancements and simpler preliminary corporation tax rules.

None of these rewrites deal economics, but together they modestly improve exit returns, fundraising conditions and portfolio cash flow.

Minister for Finance Simon Harris announced Budget 2027 in the Dáil on 6 October 2026. Much of the technical detail that matters to sponsors will only appear in the Finance Bill, expected to be published later this month, so the analysis below is a first read.

1. Capital gains tax cut to 31%: better net proceeds on exits

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