Sounds like it’s going to be fuck all use to me based on the leaks to date.
Drinks and fuel unchanged, increasing the tax on fags by 50c.
An extra €5 for pensioners, a child care package and a first timers buying grant seem to be the big ticket items.
So far:
Farmers who have an “exceptionally poor year” can step out of income averaging and only pay the tax dur on a current year basis.
A new loan fund with interest rates of below 3pc and “highly flexible” is to be made available to help farmers.
Capital Gains Tax on start-up business is to be halved to 10pc on gains of up to €1m.
Noonan: Special VAT rate of 9pc for tourism sector will be maintained to act as a buffer against weakness in sterling.
First time buyers getting a 5% tax rebate over 4 years to buy a newly built house.
Surely all this will do is drive up the price of something that is already in very short supply?
What newly built houses is what I want to know
Also why should a first time buyer who is able to spend 600K on a new house be given a tax break?
So that developers can charge more for a house?
It’s only up to 400k isn’t it?
USC changes - 1pc rate down to 0.5pc, 3pc to 2.5pc and 5.5p to 5pc
What’s this worth to me?
€5 a week to those on 50k, so you should get about €1.25
Bout three fiddy
DIRT tax reduced by 2pc to 39pc
Persil will be delighted.
A decent chunk I’d imagine. FG look after the grey voting block and the upper middle classes (themselves) again.
It’s not, its €240 a year to someone on considerably more than the average wage.
Better than a shoe up the hole.
Good news for those thinking about knocking off their parents
Inheritance tax free thresholds going up. Category A (parent to child) to €310,000; other thresholds (nephews, grandchildren) by 8pc. About time, but still well off pre crash €500k. Impacts badly on only children, especially in Dublin.
More for salt of D Earth self employed folk like myself I believe.
Self-employed tax credit rises by €400 bringing it to €950.
Corporation Tax… is set at 12.5%