Revenue eBrief No. 101/25
15 May 2025
High-Income Individuals’ Restriction Tax Year 2010 onwards
Tax and Duty Manual Part 15-02a-05 - High-Income Individuals’ Restriction Tax Year 2010 onwards - has been updated to reflect provisions of Finance Act 2024. Section 44 of Finance Act 2024 deleted section 485C(1B) Taxes Consolidation Act 1997, and consequentially removed reference numbers 15C and 15D from Schedule 25B.
The amendments to section 485C TCA 1997 and Schedule 25B were consequential amendments arising from the removal of obsolete provisions from section 403 TCA 1997.
Appendix 3 - List of specified reliefs - has been updated to remove references to reference numbers 15C and 15D of Schedule 25B. The table listing specified reliefs deleted from Schedule 25B has also been updated.
The examples throughout the TDM have been updated to the calendar year 2024, with the 2024 credit values and rate bands applied.