A tax package for landlords is also firmly on the table. It is now likely that they will be offered further relief on their earnings, but this would only be offered if the landlord gives security of tenure to the renter for a number of years.
The Government plans to spend about €1.1 billion on taxation changes. There is a strong push from Fianna Fáil and Fine Gael for a package that would contain an increase in tax bands and credits as well as a cut to Universal Social Charge . Last year, the standard rate tax band rose by €3,200 a year to €40,000. One source suggested a further increase of between €1,000 and €1,500 to the rate at which the higher level of tax kicks in.
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