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The Minister for Finance Paschal Donohoe presented his fourth Budget on Tuesday. As was well signalled, this Budget was framed against the backdrop of a potential no deal Brexit. Given the current reality of climate change, unsurprisingly climate related initiatives have featured prominently within the measures announced. The details announced also include certain tax increases, limited changes to personal tax, together with targeted measures for SMEs.
Are you considering availing of The Fair Deal Scheme but worried about the tax and financial consequences on your savings and family home? Consider planning early.
Lynn (30) had struggled with her weight for years, and had tried every weight loss programme there is, but always ended up feeling humiliated, deprived, and heavier than before after quitting each time. This cycle left her feeling hopeless until she discovered Slimming World. She is now a totally new woman, both inside and out, after shedding a whopping 65lb in six months.
Well, what a varied number of conversation items we have this week.
A decision on the Local Property Tax rate for the county has been deferred until next Monday due to concerns about a shortfall in Galway County Council’s budget. At this week’s local authority meeting it was agreed that a special meeting will be held next week to discuss the matter.
The public must make their voices heard on the local property tax rate which is up for review next month, and tell City Hall that any increase in the current rate will not be tolerated.
The Revenue department has announced that it is willing to make arrangements with both qualifying home and business owners in relation to certain taxes that are due shortly to them.
It was encouraging to hear the Minister for Finance announce in his recent Budget speech an increase in the tax free threshold on gifts or inheritances from parents to children. The threshold now stands at €280,000 (increase of €55,000) with effect from 14 October 2015.
arguably that prior Budgets have focused on tax measures to attract Foreign Direct Investment and that supportive tax measures for small businesses and entrepreneurs have received less attention. With the advent of improved technology, the option for Irish entrepreneurs to move their base outside of our shores is now a live one as many of them can easily conduct their business across borders. Therefore the need to encourage new entrepreneurs and support existing entrepreneurs is vital in ensuring the medium to long term health of the Irish economy.