Example a person on a €250k mortgage will see interest rates increase by €47 per month following recent interest changes. Compare this to somebody for example on HAP living next door who won't see their rent raise by a similar amount.
The €335k tax-free threshold is about a decade's labour at the average wage.already inadequate CAT thresholds,
A million euro combined for inheritances and gifts from all sources, would be my best guess of that.The €335k tax-free threshold is about a decade's labour at the average wage.
I'm not sure what "adequate" would look like
Hi BrendanHi Horseman
We are going a bit off topic, but...
I have been campaigning for years to reduce mortgage rates in this country.
Having said that, anyone with a mortgage is paying far less interest than anyone who is renting an equivalent house.
Take a €250k house - the rent would probably be around €1,500 a month?
With a 90% mortgage at 3.5%, the interest charge would be around €650 per month. Even if rates rise to 5.5%, the home owner will be paying €1,000 a month in interest.
Brendan
And MNC's have invested vast sums of capital in order to create highly efficient and therefore highly profitable businesses. That point is often ignored.MNC employees pay almost half of employment taxes and most of our CT because they are highly paid and their businesses are highly profitable.
Absolutely!And MNC's have invested vast sums of capital in order to create highly efficient and therefore highly profitable businesses. That point is often ignored.
You remain tax resident in Ireland for up to two years after you leave so it'd require a fair bit of foresight.Correct for Netherlands...
If an Irish person had a substantial cgt due on the disposal of shares why wouldn't they move there for tax avoidance purposes?
Yes but what about the details in the taxation in each country most especially index linking gains to inflation and reducing nominal gains to account for inflation. Therefore for Ireland this year the gain associated with year 2022 should be reduced by 10%.Interesting table from the Tax Strategy Group. Many countries tax Capital Gains at the normal PIT (Personal Income Tax) rate.
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