Pure speculation and kite flying, heard all this last year and at various points in between and nothing in any way substantive came if it.Government will consider including landlords in €14,000 tax-free Rent a Room scheme, Housing Minister says
The Government will consider extending the Rent a Room scheme to landlords, Housing Minister Darragh O’Brien has said.www.independent.ie
Am I correct in saying that if this scheme is extended to all landlords that if a landlord receives more than €14,000 in rent he cannot avail of this tax shelter? I.e. most Dublin based landlords.
This may not be speculation as €14,000 is a very specific amount. There is a big problem with affordable accommodation for students, Ukrainian refugees working and living in hotels who cannot afford to leave. Especially in multi generational families. The ARP is a flat €800 for hosts providing accommodation regardless of the amount of people they host. There are people who have been granted asylum who cannot afford to leave Direct Provision. All of these groups of people have to be provided for. Because hotels/holiday villages are being used for accommodation currently it is having a knock on effect on tourism. There is no accommodation for tourists/ seasonal workers. Shops and especially cafes & restaurants are closing. The Government has to look at longer term solutions. This measure I suspect is not just to appease landlords.Pure speculation and kite flying, heard all this last year and at various points in between and nothing in any way substantive came if it.
If they actually introduced it in its current form can't see it in anyway influencing any landlord except maybe those who last set the rent in 2007.
It would I imagine be a deduction of the first 14 and thereafter taxed at whatever 40% or 52% .
But it's just that amount as it's the current limit under the rent a room relief.This may not be speculation as €14,000 is a very specific amount.
Yes that is my point. If they extended it to include stand alone properties the attraction for landlords would be to have the same conditions as the rent a room scheme. Accommodation would then become available for the groups of people I mentioned.But it's just that amount as it's the current limit under the rent a room relief.
Yes, but if the objective was to reward landlords who kept rents at 1,166.66 per month or less, it could be a good way to keep them going.Government will consider including landlords in €14,000 tax-free Rent a Room scheme, Housing Minister says
The Government will consider extending the Rent a Room scheme to landlords, Housing Minister Darragh O’Brien has said.www.independent.ie
Am I correct in saying that if this scheme is extended to all landlords that if a landlord receives more than €14,000 in rent he cannot avail of this tax shelter? I.e. most Dublin based landlords.
Meddling with the tax system is order to solve the problems caused by meddling with the rental market.If they were to bring this in, what would the impact on the property market be?
I could see it leading to an in increase prices for certain properties at the lower end of the market.
I could see it leading to an in increase prices for certain properties at the lower end of the market.
Probably wishful thinking, but wouldn’t all these unintended consequences be resolved by allowing all landlords to avail of this tax shelter, whether they exceed €14,000 in rental income or not.& €14k tax free will have all sorts of unintended consequences like, as you say, investors buying at the lower end of the market in order to get the tax break when there is already insufficient supply of low priced houses for first time buyers.
I was specifically pointing out that the €14k limit mentioned is not a specific figure being associated with this alone, and as such is not an indicator that the're anything more than kite-flying going on here.Yes that is my point.
But helping landlords doesn't create housing. It may incentivise landlords to invest in the market, but at the expense of those looking to buy.The government should use tax law to help create housing
In other words help landlords
According to that argument if all landlords sell up it's a good thing? Creating more supply for owner occupiers?But helping landlords doesn't create housing. It may incentivise landlords to invest in the market, but at the expense of those looking to buy.
So get rid of landlords and there will be houses for all?But helping landlords doesn't create housing. It may incentivise landlords to invest in the market, but at the expense of those looking to buy.
Personally speaking, and I know, I am biased being a landlord, but I would have thought over the last 20 odd years that it has generally been first time buyers that have been incentivised to buy at the expense of the landlord, reflecting the massive drop in rental stock.But helping landlords doesn't create housing. It may incentivise landlords to invest in the market, but at the expense of those looking to buy.
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