Reading the small print: What we missed in Budget 2022

More details on land zoning, benefit-in-kind and pensions

When bidding for farm land, you’re not just competing against other farmers; you’re competing against investors too, even for smaller land parcels.

The Finance Bill 2022, being the document to legalise the changes announced in the Budget has been published and made its initial way through Dáil Éireann. 

The Bill outlines additional details beyond that revealed on budget day. The Bill includes some interesting tax breaks and extensions to tax reliefs for 2022. Of note, employees who work from home will from 2023 be entitled to claim up to 30% of relevant expenses of heating, electricity and internet costs as a deduction against their taxable income, apportioned as to the number of days that the employee works from home and after deduction of any disbursements from their employers.