This is a more targeted budget than last year. There are no headline grabbing changes to income tax rates and bands, but there are important measures nonetheless.
The USC threshold increase gives a small benefit to middle earners. The extension of various property reliefs and the expansion of the Living City Initiative show a continued focus on housing. Businesses get significant boosts through enhanced R&D credits and construction deductions, and farmers get extensions to various reliefs, though the flat rate addition is coming down.
The reduction in tax on life assurance and investment funds is probably the most significant personal tax change for savers and investors. And the taper on mortgage interest relief shows the government starting to wind down that emergency support as interest rates stabilise.
Carbon taxes continue their steady upward march, so we’re all paying more for emissions intensive activities. And the hospitality sector will welcome the VAT reduction, which should help with competitiveness.
Overall, this budget is about consolidation and targeted support rather than sweeping changes. It’s maintaining support in key areas while gradually adjusting some measures as circumstances change.
If you have any questions about how these changes affect you or your business, just get in touch with us.
At Gilheany & co , we’re here to help you understand what it all means and to make sure you’re getting the benefit of every relief and credit you’re entitled to.
Stay Informed with Our Latest Budget Summary
Our budget summary provides you with key financial updates and essential changes from the current budget, helping your business stay informed and prepared.
At Gilheany & co , we offer a clear and concise breakdown of the latest budget, ensuring you understand the important changes that may affect your business.
Gilheany & co is dedicated to helping businesses like yours stay up to date with any new budget changes, ensuring you are always prepared for the year ahead.
Our detailed summary gives you the latest information directly, so you can quickly adapt to any changes impacting your business operations.
Budget Overview 2026
Budget 2026
2025 Oct 10 - Practice Insights
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Official Government Summary of Budget 2026
Budget 2026 sets out the Government’s priorities for the year ahead, outlining how public funds will be allocated across key sectors such as health, housing, education, and climate action.
It also details the main tax and spending measures that will influence both individuals and businesses over the coming months. Understanding these changes early allows business owners to prepare, adapt, and identify new opportunities arising from policy updates.
For our clients, this summary provides a clear and accessible overview of the national budget without the complexity of the full Finance Bill. It highlights the measures most relevant to Irish taxpayers and SMEs, including updates to tax bands, credits, allowances, and social welfare supports.
We recommend reviewing this guide alongside your financial plans for the year to assess how Budget 2026 may affect your business and personal finances.
Legal Disclaimer. This summary is intended to describe the subject in general terms. As such, it does not attempt to cover every issue which may arise in relation to the subject. It does not purport to be a legal interpretation of the statutory provisions and, consequently, responsibility cannot be accepted for any liability incurred or loss suffered as a result of relying on any matter published herein.
