INCOME TAX

2011

2012

Standard Rate Tax Band

Single/Widowed (without dependent children)

32,800

32,800

Single/Widowed (qualifying for one parent family tax credit)

36,800

36,800

Married Couple (one spouse with income)

41,800

41,800

Married Couple (both spouses with income)*

5,600

65,600

Main Tax Credits

Single Person

1,650

1,650

Married Person

3,300

3,300

PAYE Credit

1,650

1,650

Widowed Person (without dependant children)

2,190

2,190

One Parent Family Credit

1,650

1,650

Home Carers’ allowance

810

810

Incapacitated Child Tax Credit Max

3,300

3,300

Rent Tax Relief (allowed at 20% rate band)

Max €

Max €

Single – under 55/55 and over

1,600/3,200*

1,200/2,400*

Married/Widowed – under 55/55 and over

3,200/6,400*

2,400/4,800*

*Only for claimants renting before 7 December 2010

STAMP DUTY

2011

2012

Commercial

Over €80,000 (Lower rates apply where consideration is less than €80,000)

6%

2%

A new lower rate of 2% rate applies to instruments executed on or after 7 December 2011. Transitional arrangements apply.

Residential

Owc/Occ

Owc/Occ

First €1m

Exempt

Exempt

Excess over €1m

1%

1%

These new rates apply to instruments executed on or after 8 Dec 2010.

2%

2%

Transitional arrangements apply.

UNIVERSAL SOCIAL CHARGE

Persons under the age of 70

First €10,036

2%

2%

€10,036.01 to €16,016

4%

4%

Above €16,016

7%

7%

Exempt from charge where total income for a year does not exceed €4,004 for 2011 and €10,035 for 2012

Persons over 70 years pay at 4% on all income over €10,036.01

There is a surcharge of 3% on individuals who have income from self-employment that exceeds €100,000 in a year, regardless of age.