The rent a room means you can earn 14 grand tax free. How does yr proposal make sense?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.
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?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.
I'm the first to admit I know nothing about housing policy, anyway....The papers are all predicting that the Minister will accelerate the removal of the restrictions on the deductibility of mortgage interest payments when calculating taxable rental profits.
Will that be enough to keep some landlords in the game?
Apart from everything else wrong with this, the compo culture implications would be horrendous. After a few years, they'd be like the Magdalen Laundries...Might sound mad, but how about building serviced mobile home parks on the outskirts of Dublin for emergency accommodation.
Many hard working families around the country spend most of their summers in mobile homes already, so they must be fit for purpose. These can be had for 30-50k in a decent mobile home park. For about 3-4k a year all services are provided for (cooking facilities, showers, washing facilities, electricity connections etc.)
Families would have the security of being able to lock their own door at night and the kids would have their own room in many cases. As mobile homes already house families for months at the time, I think, these should at least be considered.
Crucially, this would invlove little or no building costs (where the taxpayer never gets a good deal). There are loads of mobile homes for sale in Ireland and the UK and could be picked up quickly and cheaply
I'm not advocating that mobile homes would replace properly built social housing, but rather be used for emergency accommodation - better than a hotel I would imagine. Buses could be put on to bring the children to school.
I don't disagree with the sentiment. The problem here is that after it alleviates the homeless crisis there is little impetus on government to set up permanent homes.Might sound mad, but how about building serviced mobile home parks on the outskirts of Dublin for emergency accommodation.