Byrne & McCall have prepared a comprehensive Budget summary, highlighting the key tax measures and important changes that were announced by the Minister for Finance on 1 October 2024. The firm was established in 1989, with offices in Dublin and Kildare and provides business and taxation advice to both domestic and international clients.
Key highlights include:
- Personal Taxes: Adjustments to income tax bands and credits, including increases in the 20% tax band and tax credits for individuals and married couples.
- Universal Social Charge (USC): Changes to thresholds and rates, reducing the 4% band to 3% for incomes between €27,382 and €70,044.
- Property Measures: Extension of the Help to Buy scheme and introduction of a higher Stamp Duty rate for high-value residential properties.
- Business and Corporate Taxation: Updates to Capital Gains Tax, Corporation Tax, and relief for start-up companies.
- Sector-Specific Changes: Key updates for farming, renewable energy, and vehicle-related allowances.
For more detailed information, please click here to access the summary which outlines all the key updates from Budget 2025.
If you have any questions or need further clarification on how these changes may impact your financial planning, please feel free to call Byrne & McCall on 01 612 0580.
Donal McConnell – Oct’24
