Sinn Fein Budget 2024 Proposals

Before the Minister for Finance presents his Budget tomorrow, it is always interesting to look at the alternative budget as published by Sinn Fein. The one certainty is that taxes will increase for those who are considered wealthy and those with higher incomes. Their proposals include a 3% tax on income over €140,000 and a tapering of tax credits for incomes over €100,000. They also propose an increase in the vacant site levy.  Sinn Fein are now proposing to establish a wealth tax commission rather than their previous proposal which was the introduction of a 1% wealth tax.  There is no mention this year of a 40% CGT rate on individual incomes over €500,000.

If you have any queries, please do not hesitate to contact Purcell McQuillan Tax Partners Ltd on 01 668 2700 or email your usual PMQ contact.