capital gains tax ROI vs UK

ygolometsipe

I noticed a major difference in CGT personal allowance between Ireland and the UK.

for 2016/2017 you are allowed £11,100 which at today's exchange rate is about
€12,800. [1]

In Ireland "The first €1,270 of an individual's annual gains is exempt".[2]

Also the tax bands after the personal allowance has been used are far higher.

UK Lower/Higher Rate of Tax CGT = 18% and 28%
IRE single Rate of Tax CGT = 33%

Example: If in 1 year, you invested 100K in shares and got a return of £11,100 in the UK, you keep the lot.
In IRE if you make the same return €12,800.
You keep €1270 which leaves the remained €11,530 taxed @ 33 %
= €7725.1 or in £6,697

Is this correct or an I missing something? If it is correct, why is the personal
CGT allowance so low, do we benefit in some other way?

Thanks

[1] https://www.gov.uk/government/publications/rates-and-allowances-capital-gains-tax/capital-gains-tax-rates-and-annual-tax-free-allowances
[2] http://www.revenue.ie/en/tax/cgt/cgt-faqs.html

nompere

Different countries - different rules.

For example, if you have assets here of €1,120,000 and 4 children, you can leave it to them in equal shares and there's no inheritance tax to pay. If you're in the UK and have assets of Stg£1,000,000 and you leave that to your 4 children then the estate will pay inheritance tax of Stg£270,000.