In last year's budget, I said high earners availing of tax incentive schemes must contribute more in the current difficult circumstances. The restriction of reliefs measure, which increased from 20% to 30% last year, is already having a significant impact. But we can and must do more. The national recovery plan contains a commitment to the abolition or the curtailment of tax expenditures and to the phased abolition of property-based legacy reliefs. The 16 measures identified in the plan will be given full legislative effect. Today, I will abolish or restrict a further nine reliefs bringing the total to 25. Full details are set out in the summary of budget measures.

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