Minister for Finance, Public Expenditure and Reform Paschal Donohoe.
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Minister Donohoe has announced that the earned income tax credit applicable to self-employed taxpayers including farmers will increase by €200. Income tax and USC cuts applicable to all taxpayers will benefit farmers, too.
Although Minister Donohoe announced that stamp duty on sales of commercial property would increase from 2% to 6% from midnight tonight, Minister for Agriculture Michael Creed later clarified that agricultural land would be taken out of this category. This issue remains to be fully clarified. Existing relief measures including for young farmers remain.
Minister Donohoe has announced additional resources for the Department of Health. Minister of State for Mental Health and Older People Jim Daly later said that an increase in the Fair Deal scheme's budget would in part cover proposed changes to nursing home charges applicable to farm property.
Following the finance minister's speech, the full finance bill and further announcements by various ministers will reveal how many of the measures on farming organisations’ wishlists will come to fruition:
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Minister Donohoe has announced that the earned income tax credit applicable to self-employed taxpayers including farmers will increase by €200. Income tax and USC cuts applicable to all taxpayers will benefit farmers, too.
Although Minister Donohoe announced that stamp duty on sales of commercial property would increase from 2% to 6% from midnight tonight, Minister for Agriculture Michael Creed later clarified that agricultural land would be taken out of this category. This issue remains to be fully clarified. Existing relief measures including for young farmers remain.
Minister Donohoe has announced additional resources for the Department of Health. Minister of State for Mental Health and Older People Jim Daly later said that an increase in the Fair Deal scheme's budget would in part cover proposed changes to nursing home charges applicable to farm property.
Following the finance minister's speech, the full finance bill and further announcements by various ministers will reveal how many of the measures on farming organisations’ wishlists will come to fruition:
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