Budget Breakdown 2009.
Income Levy 2% up to €15,028. 4% up to €75,036 6% up to €174,980
Health Levy (to double)
4% up to €75,036
5% after that
Increased from €52,000 to €75,036
Mortgage Interest Relief:
On homes: Discontinued for all mortgages over 7 years old from May 1 2009. On residential property investments: Reduced from 100% to 75% Commercial property: no changes
Tax on Savings:
Savings, Life Assurance Policies, Investment Funds Up from 23% & 26% to 25% and 28% respectively. Applicable from midnight 7th April.
1% on any policy received by an Insurer after June 1st Non-life assurance policies levy up from 2% to 3% where Premiums are received after June 1st.
Trade in scheme: If you trade in a property in payment or part payment for a new property then you pay no stamp. It …