Budget 2015: Highlights and Opportunities

Budget 2015: Highlights and Opportunities

In this year’s budget speech, the Finance Minister announced a number of tax measures, including the further reduction in the personal rates of income tax; the extension of the exemption from stamp duty on the first EUR150,000 of the property’s value for first time buyers up to 30th June 2015; the abolition of the option of income tax on capital gains at the normal income tax rates up to 35% upon transfers of immovable property and the reduction of the final property transfer tax to 5%, 8% or 10% depending on various criteria.