There’s good news for property buyers and sellers, and a mixed bag for taxpayers generally in Budget 2025. The transfer duty threshold adjustment is good for property sales, but government’s attempt to increase VAT and its failure to adjust individual tax brackets will hurt us all – taxpayers and consumers alike. To see how it all affects you, have a look at the official tax tables, then use the link to Fin 24’s Budget Calculator to do your own personal income tax calculation. 

Bear in mind that there is a lot of uncertainty surrounding the implementation of these proposals, so there could be some major changes in the weeks ahead!