But not every voter will be applauding this year’s budget largesse, funded by exchequer coffers bulging with corporation tax, Vat and income tax receipts. Income tax payersThanks to Ireland’s tax system, the better off you are, the more you’ll benefit from the budget’s €1.1bn tax package. “We believe the Government should have increased the level at which people hit the higher rate of income tax to €50,000,” she says. “This would ensure that those on the average wage would not be hit for the higher tax rate. If a landlord claims the tax relief but leaves the market within four years, the state will claw back the relief.

Source: Irish Independent October 16, 2023 17:39 UTC