On 5 December 2012, the Minister for Finance presented the 2013 Budget to Parliament. Details of the main tax measures in the Budget are summarized below.

Corporation tax
The 12.5% corporation tax rate remains unchanged under the 2013 Budget.

Capital taxes
The rate of capital gains tax (CGT) and capital acquisitions tax (CAT) is increased from 30% to 33%. The new rate applies to disposal…