Income tax
Deposit Interest Retention Tax (DIRT) increased to 30% (previously 25%).
25% mortgage interest relief for first-time buyers extended to 2012.
PRSI
Extended to previously exempt income (2013).
Universal Social Charge (USC)
The first €10,036 of earnings is exempt (previously €4,004).
Property relief surcharge of 5% will apply to investors with gross income above €100,000.
Capital Gains Tax
Increased to 30% (previously 25%). Exemption for properties bought by 2013 and held for 7 years.
Capital Acquisitions Tax
Increased to 30% (previously 25%).
Parent-child threshold reduced to €250,000.
Stamp Duties
Rate on transfers of commercial property (including farmland) reduced to 2% (previously 6%).
VAT
Standard rate increased to 23% (previously 21%). Effective 1 January 2012.
New household charge
€100
Corporation Tax
Exemption for start-up companies extended.
For a detailed summary, click here.
