A pre-election attempt to win middle-class votes, with inheritance tax cuts, falling income taxes and housing on the agenda
Minister for Finance Jack Chambers: a looming general election seems certain to dictate the shape of his first budget. Photograph: Brian Lawless/PA WireHe has already set out his stall around prioritising “tax breaks for families, workers and businesses”, so what might we see?, individuals benefited from a tax package of about €800, and it is likely to be of a similar order this year. So don’t expect a giveaway budget.
“It’s difficult to compete when trying to attract talent,” she says, adding, “as a country, we reach the top rate of tax very quickly”. But given the constraints on how much they can spend, outlining some form of a personal tax roadmap could be the way to go. “I definitely think there’s space there. There are lots of beautiful properties which, with some TLC, would come back to life. It’s a pity to see some of them the way they are,” she says, adding that it would reinvigorate our towns.
Can we expect an increase in the tax-free parent-to-child threshold of €335,000 on October 1st? It has long been promised – with a figure of €500,000 mooted – but the expectation now is that there will be a change this year.
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