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National News


Health Levy Up and More PRSI
Tuesday, 7th April 2009

The health levy rates will double to 4% and 5%. The entry point to the higher rate will be 75,036.

The PRSI ceiling will be increased from 52,000 to 75,036.

Mortgage interest relief will be discontinued for any mortgage over 7 years from 1 May.

The level at which interest re-payments can be claimed against tax for residential rental properties is being reduced from the existing 100% to 75%. This measure will apply to both new and existing mortgages. Commercial properties are not affected.

The capital gains tax rate is being increased from 22% to 25% in respect of disposals made from midnight on 7 April 2009.

The capital acquisitions tax rate is being increased from 22% to 25% in respect of gifts or inheritances made from midnight on 7 April 2009.

Full budget details, click here !



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