€2,800 tax break for householders urged by FG

THE Exchequer’s extra €1 billion tax bonanza must be used to give householders a €2,800 tax break next year, Fine Gael said yesterday.

And the extra money should also be used to give first-time buyers a real tax break by eliminating the stamp duty they have to pay on second-hand homes, said Fine Gael enterprise, trade and employment spokesman Phil Hogan.

Every household will pay an extra €2,800 in tax this year because of the Government’s failure to index link tax credits and tax bands to inflation in the last Budget, said Mr Hogan.