Budget 2027

Budget 2027

Business Highlights

• Future Ireland Fund - an additional €1 billion allocated.
• Rural pubs - €15 million has been allocated to support.
• Minimum Wage - 79 cent increase in the minimum wage, brings the current rate to €14.94 per hour
• Employer PRSI - threshold would rise from €552 to €600 per week from 2027
• Capital gains tax cut 2% points to 31%
• 3% fall to 35% in exit tax or deemed disposal in existing investment products.

First Time Buyers, Rent tax, Inheritance tax

• Help to Buy scheme increases by €5,000 to €35,000.
• Rent tax credit will rise by €150 to €1,150 for single renters and to €2,300 for couples.
• Tax-free threshold for earnings under the rent-a-room relief will rise to €16,000, extended to include newly installed detached auxiliary dwellings.
• The three inheritance tax thresholds have been increased:
• Category A for inheritance tax from parents to children will increase by €20,000 to €420,000.
• Category B inheritances by siblings, nieces, nephews & grandchildren, will rise by €4,000 to €44,000.
• Category C which covers all other people benefiting from a giſt or inheritance, will rise by €2,000 to €22,000.

OSK Tax Advisers provide an overview of the key tax measures announced in Budget 2027:

Click to download OSK Budget Highlights 2027 PDF

Contact OSK Tax Advisers for further details of Budget 2027 or our tax services.