‘Discriminatory’ rent laws favour overseas funds over private landlords | Business Post

  • 📰 businessposthq
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 71%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Property owners’ lobby group told politicians Reits should be subject to a flat 25% tax to level the playing field in the rental sector. donalmacnamee97 reports.

Landlords are being ‘unfairly blamed’ for the shortage of rental accommodation, the Irish Property Owners’ Association has said. Picture: Getty

Real estate investment trusts should be subject to a flat 25 per cent tax to pay for reduced levies on private landlords, a landlords’ lobby group has told politicians. The Irish Property Owners’ Association told TDs and senators there was a “real risk” of an oversupply of housing as a result of policies which incentivise overseas funds to invest in the Irish housing market.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

DonalMacNamee97 Do You Want To Make 3d Animated Logo Intro Video? More Info/Order Here: Logo Animation Youtube Intro 3d logo intro 3d logo animation

DonalMacNamee97 .... 'a risk of over supply of housing' .... that's it in a nutshell ... the aim is to make housing unaffordable for most people ... keep homelessness at the highest level possible ....

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 8. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines