The Minister for Finance Michael McGrath TD and the Minister for Public Expenditure and Reform Paschal Donohoe TD delivered Budget 2024 against the backdrop of significant increases in inflation, rising interest rates, and continued pressure on the cost-of-living. Addressing capacity issues in every area of the economy remains a pressing issue for the Government and will remain a crucial factor for this and successive governments.
The key changes announced in Budget 2024 are:
- Increases to personal tax credits and bands as well as reduction in USC
- An increase and enhancement of the rental tax credit for eligible taxpayers
- An increase in the rate of the R&D tax credit on qualifying expenditure
- A targeted capital gains tax relief for angel investors
See our Budget Summary 2024 for more details. Budget 2024 Summary