Wednesday 22 November 2017

Jim Power: Mortgage tax relief and USC changes take some sting from a dreaded Budget

The tax and revenue package in Budget 2012 is certainly not as bad as might have been expected.

The lack of change to income tax rates and bands will, at least, support employment and the increase in capital taxes will placate the left, but will not raise much in revenue as capital gains are currently as elusive as hen's teeth.

The changes to mortagge interest relief will provide some help to those in difficulty; while the increase in the threshhold for the USC will help the lower paid and offset some of the pain imposed yesterday.

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