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 | Urban
Renewal Scheme |
| Park
and ride' facilities |
| Multi-Storey
Car Parks |
| Student
Accommodation Relief Scheme |
Interest
Relief
Investors will, once again, be able to claim interest
relief against their rental income from residential properties. This
applies to interest arising after 1 January 2002.
Stamp
Duty
With effect from Budget Day (6 December 2001) Stamp
duty rates for investors in residential property, will be the same
as those payable by most owner occupiers
The rates are as follows:
|
Purchase Price IR£ |
Purchase Price € |
Rate |
|
Up to £100,000
|
Up
to €127,000 |
Exempt |
|
£100,001 to £150,000 |
€127,001
to €190,500 |
3% |
|
£150,001 to £200,000 |
€190,501
to €254,000 |
4% |
|
£200,001 to £250,000 |
€254,001
to €317,500 |
5% |
|
£250,001 to £300,000 |
€317,501
to €381,000 |
6% |
|
£300,001 to £500,000 |
€381,001
to €635,000 |
7.50% |
|
Over £500,000
|
Over
€635,000 |
9% |
VAT
The standard rate of VAT goes up from 20% to 21%.
This takes effect from 1 March 2002.
Excise
Duty
The
following excise duty increases (including VAT) will apply
immediately:
Tobacco
10p on a packet of 20 cigarettes
Pro-rata
increase on the other tobacco products,
Petrol
5p per litre
Auto Diesel
5p
per litre
From 1 March 2002 a further 5p a litre will apply to auto diesel with a sulphur content above 50ppm.
Cider and Perry
21p on a pint.
Betting Tax will fall from 5% to 2% from 1 May 2002.
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Registered
to carry on audit work and authorised to carry on investment business by the
