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  1. #1
    statsman statsman is offline
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    Budget 2018: the live update thread

    As has been the case for the last few years (not last year, though), this is the thread for live updates on tomorrow's budget. Not really intended for speculation on what might happen so much as reporting the event live tomorrow. Nevertheless, here's some things I expect we'll be discussing:

    • Tax: bands and USC
    • Housing: capital investment and landlord relief
    • Excise: Fags up again
    • Inheritance tax threshold: a bad move, in my view, but it may well go up
    • Self employed: continuation of the trend towards equity with PAYE
    • LPT: recalculation to allow for property inflation


    Let's see what happens.
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  2. #2
    SamsonS SamsonS is online now

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    Quote Originally Posted by statsman View Post
    As has been the case for the last few years (not last year, though), this is the thread for live updates on tomorrow's budget. Not really intended for speculation on what might happen so much as reporting the event live tomorrow. Nevertheless, here's some things I expect we'll be discussing:

    Tax: bands and USC
    Housing: capital investment and landlord relief
    Excise: Fags up again
    Inheritance tax threshold: a bad move, in my view, but it may well go up
    Self employed: continuation of the trend towards equity with PAYE
    LPT: recalculation to allow for property inflation

    Let's see what happens.
    Let me be the first to declare this budget a missed opportunity
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  3. #3
    statsman statsman is offline
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    Quote Originally Posted by SamsonS View Post
    Let me be the first to declare this budget a missed opportunity
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  4. #4
    hammer hammer is offline
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    Was the speculation that CAT threshold would rise to €500,000 in this budget a bad dream ?

    Increase threshold by about €25,000 pa a better idea.

    Keeps SF IRA in despair every year. They hate that you can give your kids anything. The anti family party
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  5. #5
    wombat wombat is offline
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    Quote Originally Posted by SamsonS View Post
    Let me be the first to declare this budget a missed opportunity
    Don't worry, there will be lots of posing, the media will give every nut their full quota of attention.
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  6. #6
    hammer hammer is offline
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    Quote Originally Posted by wombat View Post
    Don't worry, there will be lots of posing, the media will give every nut their full quota of attention.
    Love it when they make SF IRA and FF spokespeople stand together to decry budget.
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  7. #7
    statsman statsman is offline
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    Quote Originally Posted by hammer View Post
    Was the speculation that CAT threshold would rise to €500,000 in this budget a bad dream ?

    Increase threshold by about €25,000 pa a better idea.

    Keeps SF IRA in despair every year. They hate that you can give your kids anything. The anti family party
    Isn't the 500,000 the ultimate ambition, step by step? I think it's the wrong place to go, myself.
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  8. #8
    PO'Neill PO'Neill is offline

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    The other cheek of the same ar$e Fine Fail's plan seems to be to claim the 'good' bits i.e. a few small tax breaks but which will benefit the gombeen class of chancers and spoofers most not ordinary workers and denounce the bad bits by Fianna Gael. Unfortunately I have to say, could well pay off for them with the gobshyte section of the electorate
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  9. #9
    hammer hammer is offline
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    Quote Originally Posted by PO'Neill View Post
    The other cheek of the same ar$e Fine Fail's plan seems to be to claim the 'good' bits i.e. a few small tax breaks but which will benefit the gombeen class of chancers and spoofers most not ordinary workers and denounce the bad bits by Fianna Gael. Unfortunately I have to say, could well pay off for them with the gobshyte section of the electorate
    Sure wont they Fianna FAIL abstain from "supporting" budget ?
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  10. #10
    Voluntary Voluntary is offline

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    There will certainly be changes to the CGT, not sure what thought.

    "Figures in the report show growth in the CGT yield has tapered off, with a forecast full-year CGT yield of €710 million for 2017, down by 13 per cent on 2016. Back in 2006, when the rate was just 20 per cent, the yield was €3 billion."

    So what might Budget 2018 bring? Firstly the rate could be changed, although as noted, each 1 per cent reduction in the rate of CGT would be estimated to reduce yield by about € 25m annually. Another approach could be to increase the rate of tax paid on larger gains. “For example the first € 50,000 could be charged at the current rate of 33% and a higher rate of 34% could be applied to the balance”. This is a system that has been adopted in Finland and Denmark.

    The CGT exemption, currently at € 1,270 a year could be increased, although increasing it to € 1,770 would cost about € 3m a year.
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