|
|
|
| Income
Tax |
| MAIN
PERSONAL TAX CREDITS |
| |
2006 EURO
|
2005 EURO |
| Personal
Tax Credit |
|
|
| Single
Person |
1,630 |
1,580 |
| Married Couple/Single
Parent |
3,260 |
3,160 |
| Widow(er) with dependent
child (1) |
3,260 |
3,040 |
| Widow(er) without dependent
child |
2,130 |
1,980 |
| One Parent Family (widowed person)
|
1,630 |
1,580 |
| One Parent Family (other person)
|
1,630 |
1,580 |
| Employee PAYE
Credit |
1,490 |
1,270 |
| Incapacitated Child |
1,500 |
1,000 |
| |
|
|
| (1) Additional
credits due for Widow(er) with dependent children
for first 5 years after bereavement |
| (2) Not
available to proprietory Directors and the self
employed |
| |
|
|
| Age Credit |
|
|
| Single/Widowed Person |
250 |
205 |
| Married |
500 |
410 |
| |
|
|
| Blind Persons Credit
|
|
|
| Married (both spouses
blind) |
3,000 |
2,000 |
| Single or married (one
spouse blind) |
1,500 |
1,000 |
| |
|
|
| Other credits |
|
|
Home Carer's Credit (max)
|
770 |
770 |
Incapacitated Child
(max)
|
1,000 |
1,000 |
Dependent Relative (max)
|
60 |
60 |
| |
|
|
| Home Loans - Standard Rate |
|
|
| *First-Time
Buyer |
|
|
| Single Max |
800 |
800 |
| Married Max |
1,600 |
1,600 |
| Widow(er) Max |
1,600 |
1,600 |
| *
Now available for 7 years, previously 5 years |
|
|
| |
|
|
| Non-First Time Buyer |
|
|
| Single Max |
508
|
508 |
| Married Max |
1,016 |
1,016 |
| Widow(er) Max |
1,016 |
1,016 |
| |
|
|
| Rent Relief |
|
|
| Under 55 - Single |
300 |
300 |
| Under 55 - Married/Widow(er) |
600 |
600 |
| Over 55 - Single |
600 |
600 |
| Over 55 - Married/Widow(er) |
1,320 |
1,200 |
| |
|
|
|
|
|
| INCOME
TAX RATES |
|
Single & Widowed Persons: No Dependent Children
|
2006 EURO
|
2005 EURO
|
| 20% on first |
32,000 |
29,400 |
| 42% on balance |
|
|
| |
|
|
| Single & Widowed
Persons: Dependent Children |
|
|
| 20% on first |
36,000 |
33,400 |
| 42% on balance |
|
|
| |
|
|
| Married Couples:
One Income |
|
|
| 20% on first |
41,000 |
38,400 |
| 42% on balance |
|
|
| |
|
|
| Married
Couples: Two Incomes* |
|
|
| 20% on first |
64,000 |
58,800 |
| 42% on balance |
|
|
| |
|
|
| *
Excess over Euro 41,000 non transferable between
spouses |
|
|
| |
|
|
| Tax Allowance |
|
|
| Cost of employing carer
for incapacitated individual allowed at marginal
rate of tax |
50,000 |
30,000 |
|
|
|
| EXEMPTION
LIMITS |
Single/Widowed
|
2006 EURO
|
2005 EURO
|
| Under 65 years of age |
5,210 |
5,210 |
| 65 or over |
17,000 |
16,500 |
| Married |
|
|
| Under 65 years of age |
10,420 |
10,420 |
| 65 or over |
34,000 |
33,000 |
| Marginal
Relief will continue to apply at 40% where income
does not greatly exceed the relevant exemption limit |
| The
above exemption limits are increased by €575
for each of the first two dependent children and
by € 830 for the third and subsequent children. |
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| Quick Link: |
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