Sheehan Quinn

Dear reader,

Welcome to our Budget Special ezine.

We are delighted to offer you Budget Highlights which you can download and a short video which provides you with a synopsis of Budget 2013.

Please contact us for further information or to discuss any aspect of Budget 2013 in further detail.

Kind regards,

The Team at HLB Sheehan Quinn

Hr

Budget 2013

Highlights of Budget 2013 include:

  • No changes to Income Tax Rates, Allowances or Bands.
  • DIRT Tax has increased from 30% to 33%.
  • Capital Gains Tax rate and Captial Acquisitions Tax increased by 3% to 33%.
  • Corporation Tax rate remains at 12.5%.
  • The R&D Tax Credit will be amended to double the initial spend eligible for credit, from €100,000 to €200,000.
  • Cash Receipt Basis threshold for vat will rise from €1m to €1.25m.
  • A relief for capital gains tax arising on disposal of farm land for farm restructuring purposes will be introduced.
  • Property Tax will be payable at 0.18% on properties valued up to €1m and 0.25% on properties over €1m.

For more details and to watch budget video and download  Budget Highlights PDF - click here.
 

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