The Finance Bill 2024 was enacted on November 12th 2024. It implemented several changes announced in Minister Chamber’s Budget speech, along with some other measures announced afterwards. More details can be found here but we have summarised the key changes for our clients below. Unless otherwise stated, all changes are effective from 1 January 2025. Income Tax and reliefs
Gifts and Inheritances All of the Capital Acquisitions Tax (CAT) thresholds have been increased. This is the amount which a beneficiary may receive tax-free in their lifetime. The group depends on the relationship between the disponer and the beneficiary.
In 2024 a reporting requirement for family loans was brought in. This meant that a person who had an interest-free loan balance of €335,000 or more from close relatives has to file a CAT return to Revenue. In 2025 this requirement remains and has been expanded to include all loans, not just interest-free loans. More information can be found here. Pensions
Savings and Investments
Property
For businesses
MARK SLATTERY
Mark is a Qualified Financial Adviser (QFA) and Certified Financial Planner (CFP). He has 15 years’ experience in Wealth Management, specialising in operations and advising clients. Disclaimers
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