Mortgage interest relief for first time buyers will be increased as follows: (previously 20%) From 1 January 2009 tax relief is 25% for the first two years. In years 3-5 tax relief is 22.5% and in years 6-7 relief is 20% These changes will apply to\ all first time buyers who purchased from 1 January […]
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Budget 2009
Air Travel Tax introduced.
A new air travel tax of €10 euro per person is to be intriduced from January 2009. A lower €2 tax will apply on shorter journeys – full details not yet available.
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DIRT increasing to 23%
Todays Budget announced an increase in DIRT (Deposit Interest Retention Tax) to 23%.
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Wine and Cigarettes to increase by 50c
From midnight tonight – excise duty will increase on wine and cigarettes by about 50c. Beer and spirits are unchanged for some reason.
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Property Tax of €200 on non PPR
A new levy or tax on property that is not a personal residence will be introduced. This will be €200 a year and will be collected by local Councils.
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