The tax landlords pay on rental income should be cut in half to keep them from leaving the market, according to Fianna Fáil Senator Lisa Chambers.
The Irish Property Owners Association and the Institute of Property Auctioneers and Valuers said the new rate could keep landlords in the rental market and support new investment.”They noted that the move would ensure that investment fund and smaller landlords would be paying an equal amount of tax on their income.this morning, Senator Chambers said the proposal could help stem the exodus of smaller landlords from the market.
“Those tax breaks [should be] conditional on longer and more secure tenancies so if you are to get a tax break as a landlord, I think they should be required to at least offer a tenancy for a five or a ten-year period. “I think it is warranted in the current crisis that we are in in terms of rental properties,” she said. “There are so few rental properties.
Their houses will still be there. They are not going away you know. If the number of landlords doubled tomorrow, without an increase in the supply of homes, then we shall continue to have a 'disastrous housing crisis'.
It’s not about the money it’s about the lack of control over the property they own
Frees up houses for others to buy and live in
But we need homes on the market for young families , so we dont need all the new houses built is that what's really wrong can't skim off the already in the market is it
They're not exactly going to pack up the bricks and mortar. They'll still be inhabited.
why stop it? Buy them and use them as council housing, better for the tax payer
What is wrong with landlords selling houses? Someone will still live in them afterwards.
Agreed the I unit landlord who complies in a RPZ is hammered in tax , no incentive at all .
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