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Finance Act 2008

Income Tax
Corporate Tax

Capital Tax

Capital Gains Tax
Capital Acquisitions Tax
Stamp duty

Indirect Tax

VAT
VRT
Excise Duties
Green Taxes
Relevant Contracts Tax

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Individuals

Irish business

Multinational

Financial Services

Welcome to our dedicated Finance Act 2008 information site.

President McAleese signed Finance Act 2008 into law on the 13th of March 2008.

VAT on property - detailed technical changes tidying up the new VAT on property rules - core principles unaffected

VAT on Property - Anti-avoidance provisions preventing connected persons from acting before the new rules come in on 1 July

CGT - Transfers of chargeable assets to an "unauthorised investment company" no longer qualify for relief from CGT group or reconstruction provisions

VRT - New scheme based on carbon emissions from 1 July 2008

12.5% rate extended to some foreign dividends

Relaxation of close company surcharge

Extension of qualifying assets for securitisation

Restriction of relief on purchased know-how

BES - details on further amendments available

2003 base year for R&D credit purposes extended

100% capital allowances on selected energy efficient equipment

Anti-avoidance legislation on use of convertible securities

Statutory basis for exclusion of "salary sacrifice" in certain circumstances

Relaxation of 8 year deemed disposal rule for funds

Fund reorganisation rules extended

Stamp Duty changes to Residential Property

Motor Tax - Increase by 9.5% for vehicles with engine size under 2.5 litres

Motor Tax - Increase by 11% for vehicles with engine size above 2.5 litres

Motor Tax - Linked to carbon emissions basis from 1 July 2008

Farmer taxation - New CGT exemption for dissolutions of farm partnerships

Farmers VAT - Flat rate addition to remain at 5.2%

View full news at a glance here