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Rent tax credit to be increased to €1000 per person, looks like they will retrospectively implement it for 2024 also #Budget2025

CAT changes, the first in many years Group A threshold €400,000 Group B threshold €40,000 Group C threshold €20,000 #Budget2025

Good news for our Clients and employees, the small benefit exemption is increased to €1500 #Budget2025

Mortgage relief extended for another year #Budget2025

VAT registrations limits to increase €85,000 for goods €42,500 for services #Budget2025

Capital Gains Tax relief has been approved for family business transfers valued over €10 million, provided they retain the assets for more than 12 years. #Budget2025

Cigarette prices will rise by €1, bringing the cost of a pack to €18.05, effective from midnight tonight. #Budget2025

For properties over €1.5 million, a 6% stamp duty will be applied to the amount exceeding that threshold. #Budget2025

Stamp duty on bulk purchases of residential property will increase from 10% to 15%. #Budget2025 will it deter the big property funds?

Jack Chambers has wrapped up his first Budget—well done! Now it's Paschal's turn to present the spending plan. How much will he allocate? #Budget2025

Other tax credits that are on the rise: - Home Carer Tax Credit: +€150 - Single Person Child Carer Credit: +€150 - Incapacitated Child Tax Credit: +€300 - Dependent Relative Tax Credit: +€60 - Blind Tax Credit: +€300 #Budget2025

A €250 energy credit will be provided to all households, split into two payments. #Budget2025

📢 Social protection package announced: €12 per week for all social welfare recipients! #Budget2025

This year, there will be two double payments of the children's allowance, and parents of newborns will receive a one-off payment of €420. #Budget2025

Third level Student fees (contribution) will be reduced by €1,000. #Budget2025

Great news for new parents! Maternity and paternity payments are increasing by €15 a week—just enough for some extra baby food and nappies! #Budget2025

Recipients of the Working Family Payment will receive a €400 lump sum, while those with Qualified Child Increase payments will get €100 per child. Funding for the National Childcare Scheme will increase by 44%, expected to lower full-time childcare costs by €1100. #Budget2025

Budget 2025: Reminder on Key Changes Impacting Contractors. Sanda Rusu highlights the most important updates from Budget 2025! Contact Icon Accounting today if you need any more guidance on your tax when contracting. #Budget2025 #ContractorLife #BusinessUpdates

🚨Budget 2025 - What Tax Changes Are Now in Effect From tax credits to social welfare updates, we’ve broken down the key highlights impacting contractors and businesses this New Year: linkedin.com/feed/update/ur… #Budget2025 #ContractorLife #TaxRelief #AccountingMadeSimple

Contractor’s 2025 Tax Deadlines - Quarter One 📅 Stay organised throughout 2025! At Icon Accounting, we’re here to keep you on track. With expert advice and hassle-free support, you can focus on what you do best! 📞 Need a hand? Reach out today!