Has anyone seen or heard from Enda?. Is it a deliberate policy of FG to keep him quiet in case he makes another faux pax or is it another example of Enda acting arrogantly and thinking he is above all of this?. He is still the Taoiseach and should be talking to the nation about what is going on, not wheeling out spokespeople. I got the impression from listening to FF last night that part of their problem is that they go into a meeting with Enda who says one thing, then Coveney and Leo come out and say something different. Who is actually running FG and is this politics and postioning within FG?
I think it's called an 'Opinion piece'...hence no interview with your esteemed Mr Martin
Her piece was strongly anti-FF. There's no avoiding that. It was an opinion piece so that's fine. She shouldn't have dressed it up as political analysis as it's more a bar stool monologue.I certainly would not consider Alison O'Connor to be politically ignorant or naive.
She shouldn't have dressed it up as political analysis as it's more a bar stool monologue.
A strong position on housing, in our populist political reality, means opposing the very sensible rules on borrowing put in place by the Central Bank.As an ordinary voter , I strongly believe that whichever takes a strong line on housing & a longer term sorting of health will show leadership and do well.
Faffing about as they now are doing irritates .!
It also needs to stop taxing renters by proxy through their landlords.
I agree largely with everything in previous post, but I don't get this.
I don't see what material difference it should make to the LPT what the setup of the property is.
The payments made to LPT aren't deductible by owner occupiers.
I don't see why having the relationship as one between landlord and tenant should change that.
If LPT accurately reflects the cost of living in that area, then if rents have to take a bump to pay for it so be it.
If we make LPT, which is a tax, counter tax-deductible, in the end we'll be getting less LPT revenue and will have to raise the LPT rates.
Landlords have to pay income tax on 25% of the cost of their borrowings. For example if the interest element of their mortgage repayment is €600 a month only €450 is allowable as an expense. Therefore €150 is taxable. At the marginal rate that’s around €75. That €75 goes onto the rent so if the tenant is also taxed at the higher rate they have to earn €150 to pay it.
It's not about LTP. It's about the fact that unlike every other business Landlords have to pay tax on some of their gross income rather than just their net income.Thanks for the steer.
Ah ok, so because their rental income is taxed at that rate, if the rental income has to rise to cover the cost of the LPT tax then there is a corresponding hit in terms of what they have to pay in tax? Is that it?
It's not about LTP. It's about the fact that unlike every other business Landlords have to pay tax on some of their gross income rather than just their net income. Local Property Tax is meant to pay for local services. The renter consumes those local services. The Landlord does not. The reason the Landlord is charged is because Revenue know that they will get the money from the Landlord and may not get it from the Tenant. The net effect is the same though; the tenant pays it through their rent. Edit: I'm a tenant.
Good point.But actually, I was thinking more along the lines that the net effect isn't the same... What I mean is, if the Landlord increases the rent per year by the cost of the LPT, do they then have a correspondingly higher rental income liability? So there's kinda double taxation going on of LPT and rental income?
I hope all those that voted Independent now see the error of their ways, doubt it though.
I don't think they are. They seem to be trying to straddle 2 horses so to be sure to back a winner at the finish line.Why? The Independents are willing to work to form a government
Or it could mean tackling the high cost of housing, bringing down prices for all buyers.A strong position on housing, in our populist political reality, means opposing the very sensible rules on borrowing put in place by the Central Bank.
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