That’s where we will wrap up the live portion of our Budget 2023 Q&A. If you have a query that has not been covered here, you can send it to Dominic Coyle atQ: Will EU students be entitled to the €1,000 university fee reduction for this year?A: If they are doing a relevant undergraduate course, they will be eligible for the reduction as they are operating under the “free fees” scheme which means they pay only the student contribution charge of €3,000.
If this does not happen, you will be liable for the tax at year end. Usually Revenue will sort this by adjusting tax credits in subsequent years but you can also pay the tax owing via a return at year end. – DCQ: What is the vacant property tax? Does this apply to the family home if you go on holidays?A: As the vacant home tax will apply only to properties that are occupied for less than 30 days a year, it would want to be a very long holiday.
There are certain reductions for families with lower household incomes which would not apply at your income level. – MHQ: How will the IVF scheme work? If we wanted to start in Jan with a private clinic is there likely to be some sort of rebate for it or will we have to start from the beginning at a public hospital?A: Unfortunately, there are no details on how the IVF scheme will work yet.
Only one credit may be claimed per person per year, however it is proposed that the value of the credit will be doubled in the case of married couples and civil partners. – MHA: If your son is currently an undergraduate student he should be eligible for a once off reduction in his student contribution fee of €1,000 for academic year 2022/23. – MHA: The Local Property Tax was not impacted.
Will tenants renting and paying to landlords, which are exempted from registering with the RTB, be excluded despite being in private rental accommodation i.e. paying rent for accommodation?A: They will not be excluded from what we know. What is unclear is what evidence you will be required to produce to Revenue if you are a rent-a-room tenant to qualify, given, as you say, that they are not registered with the Residential Tenancies Board.
There will be a number of exemptions to ensure property owners are not unfairly charged for temporary vacancy arising from genuine reasons. Its comment relates to the credit issued earlier this year but there is no reason to assume the structure will change for the three credits coming over this winter. Essentially you will redeem the full €200 credit across two or three €10 top-ups.
Source: Energy Industry News (energyindustrynews.net)
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