There's nothing in the govenrment plans that will increase supply of housing - be it social, privately owned or rented
All they are doing is trying to move the chairs around - what they should be doing is building more chairs or, at least, providing incentives for someone to build more chairs
Why would it be in the state's interest to help the LL who want to sell if they are not staying in the market anyway?Reducing income tax does not really help those who want to sell unfortunately.
I can understand that, me too! But if it is not to keep you in the market and just help you to sell, why? On a state level, that would make 0 sense to me.In my personal situation as a couple who simply bought a buy to let in 1996, it will be a significant contributor to our pension so of course we would like some CGT relief, not necessarily the full exemption but something.
This would also be a concern for me.My concern is being pushed into a lower sale price by "independent" valuations which may push the boundaries of my ownership rights.
But if it is not to keep you in the market and just help you to sell, why? On a state level, that would make 0 sense to me.
I understand that, but the remark was for that contributor's remark. If it is to facilitate the exit of the market now, it makes no sense to me. If it is to facilitate the exit of the market of current LL in a number of years (5/7/10.... I don't know) and also to attract new investors with this incentive, I totally agree with that idea, if it is not "buyer" dependent. To me, it would actually be the easiest scheme to apply and probably the most acceptable politically as it is less "visible" for most.Because their plans are, or should be, totally dependent on new investors coming into the market, preferably in droves, and the simpler and less expensive they can make it for these and current investors to exit the market in due course, the easier it will be to attract them in.
The plan can't only be dependent on new supply and new investors. Investors are not going to be able to come in drove and provide an affordable service for tenants if we struggle on the supply side both in terms of number and cost.Because their plans are, or should be, totally dependent on new investors coming into the market, preferably in droves, and the simpler and less expensive they can make it for these and current investors to exit the market in due course, the easier it will be to attract them in
I don't think this is their plan for small landlords. From what I can gather, the plan is to tie up small landlords for as long as possible to smooth the transition to replacing them with institutional landlords.Because their plans are, or should be, totally dependent on new investors coming into the market
Gross yields of 10% are available on apartments in Ireland. It's hard to get that anywhere else in Europe on residential property. It's an attractive prospect on paper.Investors are not going to be able to come in drove and provide an affordable service for tenants if we struggle on the supply side both in terms of number and cost.
It's hard to get that anywhere else in Europe on residential property.
Lack of investor interest is a combination of high tax, tenant risk, and regulatory risk.
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