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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    My blood on the streets comment stands, but it’s more around sentiment versus reality. We’re being bombarded with tales of landlords fleeing the market. This is a market where demand massively exceeds supply, where borrowing costs are fully deductible, where Brexit is leading to economic...
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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    I’m looking at something for €450k. Loan would be €315k interest only for 15 years at 5.5%. Rent would be €29k a year. Tax deductible interest of circa €17k a year. Tax deductible agent fees of circa €3k a year. Tax bill circa €5k a year. Keep the surplus €4k a year rolling up in the rent...
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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    Just to offer an alternative view, I’m considering buying an investment property at the moment. I’ve a number of reasons for doing so, but the current noise encourages me if I’m honest as I find it analogous to “blood on the streets” in investment parlance.
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    Can I appeal a fine for speed and dangerous driving without a photographic evidence - Ireland

    Something similar happened to me a while back. I wrote a reply to the fixed penalty notice making a number of points specific to the circumstances of my interaction with the Garda in question, the main one being that my speed had not been measured or recorded using an appropriately calibrated...
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    The layout of Askaboutmoney will be changing over the coming week...

    Brendan, I’ve thought for a while that you should create a second profile, Georgie Burgess, purely to post “that was A1” when someone makes a decent contribution. Gordon
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    New owners have redirected post before signing contracts!

    If it’s no big deal, why bother posting? It’s unreasonable to post on an internet forum seeking people’s views and to then cry foul when you don’t like what you hear. It was a bit presumptuous, but I’d view it as a positive in terms of their conviction. Perhaps the private nature of the...
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    Tax treatment of Irish Domiciled non residents for ETFs

    You are not. No Irish tax will arise.
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    Minister Murphy actively pushing landlords out of the market in the face of the latest Daft report

    I use the exact number I must admit. If 4% gives an uneven amount, so be it. If you don’t keep rents at their maximum, you remain exposed to further rule changes and the value of your property is diminished.
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    To pay AVC or not?

    Yes, same scenario. I’m not too bothered about the higher rate tax piece. The main attraction of a pension fund for me is getting €100 invested in equities for a very long time and on a tax-free basis. Yes, 4% will become payable from the fund at age 61 leading to a tax leakage of 2%, but no...
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    To pay AVC or not?

    Thanks Conan. So look to build a fund capable of delivering €13k via annuity rates?
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    To pay AVC or not?

    Hi Conan, Fair play, you seem to know your stuff. Take my wife’s circumstances; she is likely to have 40 years’ service at age 61. On that basis she’ll get 150% plus 50% (including the State Pension). The supplementary pension stuff is just noise. We were planning to start funding AVCs for...
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    Invest in a more expensive house

    Except one’s PPR doesn’t produce any income ordinarily, and there’s no CGT on an asset (such as a US domiciled MSCI World ETF) on death.
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    Invest in a more expensive house

    Never be surprised by the spending habits of the professional classes. There are people who spend €300k a year net and you’d struggle to see where it goes. Someone like that often “cannot afford to retire”.
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    Invest in a more expensive house

    It’s a strong position, but real wealth is intergenerational. Someone can do well but if their wealth is divided between children who have average jobs, it can dissipate pretty quickly. The main mistake people make is assessing someone’s financial position in terms of capital rather than...
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    To pay AVC or not?

    I am far from an expert on this stuff, but isn’t the Revenue maximum 2/3 of final salary rather than 50%?
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    Invest in a more expensive house

    I think that there’s an optimum mix for people like you who are comfortable but not wealthy. Some people might be surprised to hear me describe you as comfortable rather than wealthy, but that’s the reality in my view. There would be far greater merit in having, say, a €1m house plus a €1m...
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    Invest in a more expensive house

    It is tricky to sell the more expensive houses these days (i.e. €1m plus). The lending rules are still a handbrake. But significantly, a lot of transactions run into trouble because the buyer can’t sell his or her home in London and the banks don’t really do bridging anymore. It is underreported...
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    Invest in a more expensive house

    Based on what I am seeing, there is major value to be had in that €1m plus space due to Brexit amongst other things.
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    Clamped in my own parking space - rental car

    The €125 fine is bona fide. There’s a mechanism (e.g. texting) and you neglected to avail of it. Pay it and move on.
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    Rental property - joint names?

    No. However, it is possible to do it legally. A solicitor can advise re costs. I think it was a couple of grand when I had it done for someone.
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