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LHM Casey McGrath | Budget Coverage

Minister for Finance, Public Expenditure and Reform Paschal Donohoe delivered his first Budget speech. Click on the above tabs for highlights. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200. 353 (0)1 495 9299. A member of Atrium Wealth Management. Authorised to undertake investment business services in Ireland by the Association of Chartered Certified Accountants. Website by House of Design.

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Minister for Finance, Public Expenditure and Reform Paschal Donohoe delivered his first Budget speech. Click on the above tabs for highlights. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200. 353 (0)1 495 9299. A member of Atrium Wealth Management. Authorised to undertake investment business services in Ireland by the Association of Chartered Certified Accountants. Website by House of Design.
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LHM Casey McGrath | Budget Coverage | budget.lhmcaseymcgrath.ie Reviews

https://budget.lhmcaseymcgrath.ie

Minister for Finance, Public Expenditure and Reform Paschal Donohoe delivered his first Budget speech. Click on the above tabs for highlights. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200. 353 (0)1 495 9299. A member of Atrium Wealth Management. Authorised to undertake investment business services in Ireland by the Association of Chartered Certified Accountants. Website by House of Design.

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budget.lhmcaseymcgrath.ie budget.lhmcaseymcgrath.ie
1

Indirect Taxes | LHM Casey McGrath

http://budget.lhmcaseymcgrath.ie/indirect

No changes were announced to VAT rates for 2016. Excise on tobacco increases by 50 cent per 20 pack of cigarettes. Commercial motor tax rates reduced significantly for large vehicles. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200. 353 (0)1 495 9299. A member of Atrium Wealth Management. Authorised to undertake investment business services in Ireland by the Association of Chartered Certified Accountants. Website by House of Design.

2

Capital Taxes | LHM Casey McGrath

http://budget.lhmcaseymcgrath.ie/capital

A new CGT Entrepreneur relief was announced providing for a reduced CGT rate of 20% for certain disposals. The Parent-Child CAT exempt threshold is increased to 280,000. The headline CGT and CAT rates remain unchanged at 33%. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200. 353 (0)1 495 9299. A member of Atrium Wealth Management. Authorised to undertake investment business services in Ireland by the Association of Chartered Certified Accountants. Website by House of Design.

3

Corporate Taxes | LHM Casey McGrath

http://budget.lhmcaseymcgrath.ie/corporate

The Knowledge Development Box (‘KDB’) will be introduced in the Finance Bill. A corporation tax rate of 6.25% will apply to profits arising from certain intellectual property assets - these profits must arise from qualifying research and development activities performed in Ireland. The EII will now include expansion work on existing nursing homes. The corporation tax relief for new start up companies has been extended to 2018. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200.

4

Let Us Help | LHM Casey McGrath

http://budget.lhmcaseymcgrath.ie/help

Our team of professionals are available to answer your queries. Please contact any of our partners or managers on the contact details below. LHM Casey McGrath, 6 Northbrook Road, Dublin 6, Ireland. 353 (0)1 495 9200. 353 (0)1 495 9299. A member of Atrium Wealth Management. Authorised to undertake investment business services in Ireland by the Association of Chartered Certified Accountants. Website by House of Design.

5

Personal Taxes | LHM Casey McGrath

http://budget.lhmcaseymcgrath.ie/personal

Reduction in USC rates up to 70,044. Increase in USC exemption to 13,000. Introduction of self employed tax credit of 550. Introduction of a tapered PRSI tax credit for employees of up to 12 per week. The ceiling for the higher rate of employers PRSI of 10.75% to be increased to 376 per week. Increase in Home Carer Tax Credit from 810 to 1,000. Increase in Home Carer’s income threshold from 5,080 to 7,200. Pension levy is abolished for 2016. Introduction of farm succession planning incentive.

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