ubiquitous
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This issue could be resolved by exempting the first €500k from the tax .
An empty property still has to be connected to the sewage system, road network, water system etc. All of this requires a lot of funding to maintain. At least if someone is living in a property they bring something to the area by buying things, running businesses or working locally. Vacant properties on the otherhand do nothing more than cost an area.If a person wishes to purchase a property and leave it empty so be it.
This discouragement of investment could end up causing a shortage in rental properties.The idea of a property Tax for Investment properties seems like a good idea and should have been introduced years ago. If an Investment property can be afforded then an Investment Tax of 0.75% should be imposed across the board, including Land which is not farmed.
Well, the latest from the Government is that they don't see this as being a viable solution.
Try telling that to the 20 year old in the US who wants to buy a bottle of beer. I think you may be confusing democracy with uncontrolled capitalism.Afuera, In a modern Democratic society, no person or entity should be allowed to tell persons how or how not to spend their money.
Neither are desirable to be honest. Investors are free to look for fixed rates if they deem the risk to be too great with the variable option. Punishing them for providing a badly needed service does not seem to be very forward thinking though.A property Tax would have less of an impact on the rental investment market than interst rates fluctuating. Which is better - Rates which are variable or a fixed percentage property Tax based on the type, size and room quantum ?
Yep, it was perfectly fine for FF for the last 10 years when they got their generous donations from builders at the Galway Races and their brown envelopes for rezoning, but now the boom is over, the tent is gone and there's no more builders around – so they have the nerve to turnaround and start reaching into our pockets....
It seems the stamp duty system was perfectly ok, when house prices were going through the roof, but now they are falling, its not a fair system.
It's a topic about the advantages/disadvantages of introducing a new property tax. I chose to remark on why I believe that the timing of this is wrong. If you read my earlier post in this thread you would know my thoughts on the tax itself. My later remarks were a reaction to someone elses mention of timing.Buttermilk, is this a Taxation or a Political Topic ?? Well we all know who you support and there is little point in apportioning all the blame to FF. Who for years refused to rezone lands around the cities which created the shortage over the past ten years ?
Any reduction in the availability of rental properties wold be balanced out by the increase in properties for sale.people like me would have to consider getting out of the business and that would reduce the availability of rental properties. I believe I've paid plenty in stamp duty and CGT already.
And who would buy them?Any reduction in the availability of rental properties wold be balanced out by the increase in properties for sale.
And who would buy them?
Well amazingly enough the people who are currently renting are not buying even though they are no longer priced out of the market. Why do you think that is?The people who are currently renting, having been priced out of housing for the last number of years (largely due to the better tax breaks available to investors).
As for it triggering a further decline in house prices, low costs make a country competitive and that includes housing.
Well amazingly enough the people who are currently renting are not buying even though they are no longer priced out of the market. Why do you think that is?
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