In this year’s budget speech, the Finance Minister announced a number of tax measures, including the further reduction in the transitory income tax bracket; the extension of the 15% part-time rules (i) by way of an increase to the limits and (ii) so as to incentivise the expansion of small businesses by allowing for a part-time self-employed individual to employ up to two part-time employees without losing the entitlement to claim the 15% rate; the introduction of a one-time exemption from duty (on the first €150,000 of the property’s value) for first-time buyers; the abolition of duty upon transfers by auction and the removal of duty upon transfers of property causa mortis to disabled individuals.
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