So in that context I think a tax break will have limited impact on keeping landlords in the market, unless it is super generous which in the current political climate would be impossible.
the current eviction ban and the prospect of lifetime tenancies being introduced by a future Sinn Féin government.
This is never going to happen.Not sure whose summary that is.
My view is "Don't fiddle around with minor tax changes. Fix the bigger issues first - dealing with non-payers and give a commitment that property investors will not be prevented from selling their investment when they want to after giving appropriate notice to the tenant."
Brendan
Unless the above is addressed, IMO, the current situation will get worse. Also, any potential new entrants to the rental market will invest elsewhereMy view is "Don't fiddle around with minor tax changes. Fix the bigger issues first - dealing with non-payers and give a commitment that property investors will not be prevented from selling their investment when they want to after giving appropriate notice to the tenant."
This is true perhaps in Berlin which is an outlier for Germany.I read that the private rented sector makes up 20% of all households in Ireland(50% in Europe).
You picked up on that, well doneWas it intended to do 12 of these in a 12 days of Christmas theme?
Noted that there is no Partridge - he came back from Dubai and couldn't get his pear tree back
You make great points but sorry, your last sentence is nonsense.What about USC?
The Universal Social Charge (USC) is a tax payable on gross income
So if I have 100k of income (including say 30k rental income) I pay USC on entire 100k despite the fact I might have zero net income!
The purpose of government and tax policy is to tweak tax policy to address issues such as social issues eg homelessness
That's why landlords should get additional relief.
Just like big funds get relief to build apartments.
Tax policy always and everywhere has the dual purpose of raising money while also favouring some forms of economic/social activity over others.You make great points but sorry, your last sentence is nonsense.
Nothing, He's talking through his behind.I wasn't aware I couldn't claim on replacing such items as washing machines etc, what am I missing?
“It could be white goods and those type of things like your fridges, your cookers, all those type of things that previously you were allowed to write that off against tax but you’re not now.”
It appears you would be able to claim the full amount of the cost as opposed to a capital allowance over 8 years etc. that would be my view, its the same pie but you are slicing it differently...Tax relief for landlords on fridges in bid to halt exodus from rental market
Tax relief for landlords on fridges in bid to halt exodus from rental market
Landlords will be able to write off the cost of purchasing cookers, fridges and washing machines against tax under plans considered by government.www.independent.ie
I wasn't aware I couldn't claim on replacing such items as washing machines etc, what am I missing?
That's not what he said though.It appears you would be able to claim the full amount of the cost as opposed to a capital allowance over 8 years etc. that would be my view, its the same pie but you are slicing it differently...
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