This is a reminder that the “2nd Home tax”, also known as the NPPR is due for payment by June 30th next. The tax is €200 and is payable to the local authority. Late payers face a penalty of €20 for every month they are late.
Please contact us if you need information on where/how to pay.
Very significant changes were proposed in the budget to relief for “Section 23″ rented residential properties. They have now been deferred pending the outcome of an impact assessment which will take place later this year. The Stamp Duty changes have been implemented. The key proposed changes to the scheme are as follows:
The Capital Acquisition Tax (Gift/Inheritance Tax) tax-free thresholds have been reduced by 20% approximately. The amounts that can be taken on or after 8 December 8 2010 are as follows:
The main changes relating to pensions are:
Employee PRSI on pension contributions
From 1 January 2011, employee contributions to occupational pension schemes and other pension schemes will be subject to PRSI. They will also be subject to the Universal Social Charge which came into effect on 1 January 2011.
New Benefit in Kind Changes Continue reading
