The tax bands and rates of taxation applicable for 2018 are shown below.
|Fraction Taxable||Rate of Tax|
|€0 - €800,000||0%|
|€800,000 - €1,300,000||0.50%|
|€1,300,000 - €2,570,000||0.70%|
|€2,570,000 - €5,000,000||1%|
|€5,000,000 - €10,000,000||1.25%|
A wealth tax cap operates, so that total taxes should not exceed 75% of income, a rule that only applies to residents. The calculation is complex and if this is likely to apply to you then professional advice should be taken.
Next: Wealth Tax Declaration
Back: Liability to Wealth Tax
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