Discussion in 'Budget 2019' started by Dintelligentinv, Aug 17, 2018.
Prediction season has begun. Interested to hear people's thoughts on this.
Extend the rent a room scheme to landlords. It will reduce rent for tenant, landlords after tax income remains the same and the tenant can save for a deposit to purchase a property themselves.
The rent a room means you can earn 14 grand tax free. How does yr proposal make sense?
Tenants can already avail of the rent a room scheme; do you mean that a landlord getting €20,000 of rent and €14,000 after tax might drop the rent to €14,000 if the rent was tax free?
If your suggestion is to allow tenants to sublet and avail of the rent a room scheme, a tenant can already do this.
Remove development levies and charges.
Start taxing land properly - including increasing local property tax and no exemptions i.e. turn it into a site/land tax to cover both houses, vacant sites and agricultural land.
Invest in Social Housing.
Not a budget proposal but I can't understand why the dispute resolution process in Ireland is so onerous on both parties.
Give the prtb some teeth for regulating both parties. If somebody doesn't pay rent for two months get them out. If a landlord doesn't meet reasonable standards have a process for inspecting resolving and fining that takes a couple of months max.
I was looking into buying to rent a few years ago. The risk to reward wasn't good enough so I didn't bother and its only gotten worse now.
The only way to solve the social housing problem I think would be to build lots more social housing.
But - apply new rules to having a social housing house-
1. Rent taken at whatever the income source is
2. Tenant unless incapacitated - responsible for basic up keep of house lawn cutting, gutters, etc.
3. Tenant responsible also for proper disposal of all rubbish.
4. No selling of houses to tenants, must always remain a social house. If tenant wants to live elsewhere then up to them to move.
5. Any anti-social behaviour then eviction on two warnings.
6. No passing on of house down through families.
7. Regular reviews on house by council - say every 5 years to check on income / occupants
8. Tenant must sign and agree to all above
- Large-scale building of two/three bed housing and apartments in densely populated areas. The properties to be made available to all citizens who wish to avail of them.This program would be similar to the programs in Singapore, which house some 85% of population.
- Properties to be managed by property management companies offering most competitive rental prices by tender.
- Extra powers for swift eviction where anti-social/criminal behaviour or where tenant is shown clearly able to pay rent but refusing to do so.
- Property management company held to account for poor upkeep of common areas, lift services, reception services etc.
- State to guarantee costs for structural repairs as they arise.
Should tenants wish to live elsewhere, they would be free to buy or rent in the private housing market as they please.
Yes drop rent to 14k tax free. Anything above the landlord pays tax on all income.
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