PROPERTY investors will be able to deduct the property tax from their rental income when filing a tax return.
The move could ease the burden on buy-to-let investors, many of whom are struggling to meet mortgage repayments.
The non-principal private residents (NPPR) and the household charge are not allowed as expenses when landlords are working out their profit as part of a tax return.
But Finance Minister Michael Noonan has confirmed the property tax may be treated differently. He said he intends to amend the new legislation to allow the tax to be treated as an expense for landlords.
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The bad news is the source of this story is the Irish Independent.