Abolition of Property Based Reliefs
controversial abolition of property based tax reliefs announced in the December
Budget is contained in the Finance Bill. However, in light of heavy lobbying in
this area and the potential impact that the proposed changes would have on
taxpayers, the economy and employment the Government has decided that the
introduction of these new measures could only take effect in the next tax year
following the preparation and publication of an economic impact assessment on
the new measures. This means that the proposed changes if introduced come into
effect at the earliest in 2012 and have now been pushed into the next
refer to our previous flyer on 'Abolition of Property Tax Relief' which includes a link to our letter to the Department of Finance advising the Minister to reconsider their
proposal on the abolition of property tax reliefs.
To contact the Quintas Tax Department please click here.