A round up of today's #BUDGET18

• Stamp Duty on non-residential commercial property increases from 2% to 6% with immediate effect. A Stamp Duty refund scheme will apply to land purchased for the construction of housing
• The 7 year ownership period for the Capital Gains Tax exemption introduced by Minister Michael Noonan is cut to 4 years
• The Vacant Site Levy increases from 3% to 7% in second and subsequent years
• For residential lettings, a new time limited deduction for pre-letting expenses will be introduced
• Mortgage interest relief will reduce to 75% of the existing relief in 2018, then 50% in 2019 and 25% in 2020
• There will be a new tax on sugar-sweetened drinks
• There will be a VAT increase on the use of sunbeds. They will now be subject to VAT at the standard rate of 23%
• The special 9% VAT rate for the tourism and services sector will remain
• A new VAT refund scheme will apply to charities
• The standard rate tax band for income tax increases to €34,550
• The 2.5% rate of USC will fall to 2% and the ceiling for this rate will increase
• The 5% rate of USC will fall to 4.75%
• The Earned Income Credit will increase by €250 to €1,200
• A new Key Employee Engagement Programme (KEEP) will allow small businesses grant employee share options
• The Home Carer Tax Credit will increase by €100 to €1,200
• A new restriction will apply to Corporation Tax capital allowances for intangible assets. These will be limited to 80% of the income arising from the intangible asset in a given year