Finance Bill 2012 has been published and the main changes outlined in the Budget have been confirmed. The following is a summary. Property relief measures There are two key elements to today’s property relief measures: A 5% USC surcharge on … Continue reading →

Good news for those who took out home mortgages in the period 2004 – 2008. The mortgage interest relief for first time buyers who are residing in the property increases to 30% until 2017. According to the Revenue website there … Continue reading →

The government have announced their intention to change the retirement relief applicable to capital gains tax where farmers and business owners pass on assets to the next generation or sell them to third parties. The measures designed to incentivise timely … Continue reading →

See attached a link to the Revenue website providing information that they have discovered through ongoing exchange of information arrangements between the Department of Social Protection (DSP) and Revenue that some pensioners were not being taxed on their pensions and the Revenue Commissioners intend to rectify the situation! Continue reading →

Income tax/PRSI One of the key aspects of the Budget was the absence of changes to the income tax rates, bands or credits. However, there will be certain tax impacts on earned income. USC exemption raised The exemption threshold for … Continue reading →

Overview of the Jobs Initiative The Minister for Finance, Michael Noonan, T.D announced the Government’s much awaited Jobs Initiative 2011 yesterday 10 May 2011.  In the Initiative he outlined a number of proposals aimed at incentivising entrepreneurship and job creation … Continue reading →

This is a summary of the fiscal strategy to be pursued by Fine Gael and Labour in their programme for government 2011 – 2016. Continue reading →

Main Summary of Budget 2011 by RTE Continue reading →

The main changes to tax, pensions and social welfare on Continue reading →