Stamp Duty has been reduced from 6% to 2% for all non-residential property.
Legacy Property Reliefs
5% surcharge will be imposed on investors with an annual gross income of over €100,000, which is sheltered by property reliefs. It will be collected as an additional 5% USC. This measure takes effect from 1st January 2012.
Investors in accelerated capital allowances schemes will no longer be able to use capital allowances beyond the original tax life of the particular scheme where the tax life ends after 1st January 2015. Where the tax life of the related scheme ends before 1st January 2015 no carry forward of allowances will be permitted in 2015 and beyond.