actually can’t fault that. can’t see any reason not to do that immediately
Perfection.
The only issue for me is is that a second or thir home for citizens or is that amount if the sell and buy a second home or sell and buy a third home if that’s the case ordinary people will still get screwed because if you need to move it could cost €100,000 extra if it’s your third house
Looks solid to me – the only change I’d make it to allow 0% for permanent residents buying their first home as well. I mean if they’re planning to remain in the country for good, I’d imagine they’re not up to any property speculation.
Looks like a great idea
Looks good. I’d also have cgt of 90% on land sales and very high taxes on undeveloped land or unoccupied houses/apartments
Sounds great but they’d probably find a way to not include vulture funds.
Citizens under EU law means the whole 27 countries can still buy and sell in Ireland without taxes. So this strategy on “foreigners” wouldn’t be legal in many cases
They’re finally trying to help their younger citizens get on the property ladder.
We’re in a very similar position to them as an attractive tech and commerce hub. Amazing how far we’ve come in 30 years.
Increase the ‘entity’ rate to 80%
While there are exceptions I believe that all EU countries have to give the same advantages to EU citizens that they give to their national citizens. So it’d be Irish & other EU citizens on the first line.
Makes so much sense. Which (if any) party is most likely to push through such legislation?
nice idea but it bolloks, we turned homes into houses and houses only exist to be investments, people bitch and moan about housing and not being a home..but this is what happens when everything becomes an investment….everything must make money and anything that doesent make money is worthless.
There should be 0 tax on your first and primary property at all. Shelter is a human right.
Put ongoing LPT on a similar sliding scale, but factoring in land use specifics like homestead, residential rental, commercial, commercial rental, etc.
Critical distinction here: stamp duty on buying a *finished residential property*.
Taxes when building homes (for build-to-sell investors in the Irish market – (yes even the foreign ones- who are absolutely *crucial* to our housing sector) – are separate.
Don’t agree with different rates for residents. It’s just gonna push them to rental market. Why should someone who’s already living here, working and paying tax subject to a higher stamp duty than locals? Raise the barrier for immigration if you have to. Agree with non resident foreigners and entities.
Where do you think the extra money would come from? It’s something that would simply be added to rents.
What really needs to happen as well is land needs to be confiscated from the English aristocrats who still own great swathes of this island.
No-one from the British aristocracy has the right to own any land in Ireland.
It sickens me that one snot nosed posh bastard owns the entirety of Lough Neagh.
In Australia and the foreign investment fee is a killer. Along with getting around 70% mortgage max… all in all. I think I need about 40 percent of the total value of the house in savings.
Its the opposite here they now patin developers to build houses but then pricing the houses outta citizens hands
I wonder if this affects the price that Entities, for example, ask for when selling a property.
Stamp is a really inefficient tax, because it stops sales that would otherwise happen.
A real property tax would be better
Stamp duty has one massive con: it makes people consume property less efficiently.
Imagine a couple whose children have flown the nest, and are looking to downsize; taxing them what could be 20% of their annual income to vacate their four-bed in Dublin for a cottage in the country makes them much _much_ less likely to do so.
Or a young couple who want to move to a larger property now that they’re thinking of having kids, but the already colossal prices are now inflated by tax—theyre going to continue living in properties we would love to free up for society’s poorest—and they might put off having kids to boot.
We need to build & renovate more affordable homes for people not to be used as an investment vehicle – taxing at exhorbitant levels will do v little to increase supply
We need to demand something similar to this be implemented here, foreigners obviously being non resident non EU nationals in our case. Entities is the main thing anyway, we need to hit them harder.
Live in Singapore and you’ll say something different,over home past year after a few years there, it’s very racist to non Singaporeans. They have a multi tier system with foreign workers from Indonesia and Bangladesh being treated like rubbish.
The Singapore you see presented to the world is not what it is like in reality.
Really? Think it’s awful idea.
Fine with this, except the bit where permanent residents are treated as second class.
What Singapore did is closer to what SF and the left want, our government would call their policies communist.
> Rising prices meant that Singaporeans could no longer find suitable housing for themselves without breaking the bank. Their choices were to either relocate, or hope that a new investor would price their property at an affordable sum.
> In a bid to halt the soaring prices of homes in Singapore, ***the government developed several laws and countermeasures against property investors.***
Bang of “take care of our own” off this post. Whatever about increasing stamp duty on investment property, it’s not on to differentiate between humans
34 comments
Seems like a good idea
actually can’t fault that. can’t see any reason not to do that immediately
Perfection.
The only issue for me is is that a second or thir home for citizens or is that amount if the sell and buy a second home or sell and buy a third home if that’s the case ordinary people will still get screwed because if you need to move it could cost €100,000 extra if it’s your third house
Looks solid to me – the only change I’d make it to allow 0% for permanent residents buying their first home as well. I mean if they’re planning to remain in the country for good, I’d imagine they’re not up to any property speculation.
Looks like a great idea
Looks good. I’d also have cgt of 90% on land sales and very high taxes on undeveloped land or unoccupied houses/apartments
Sounds great but they’d probably find a way to not include vulture funds.
Citizens under EU law means the whole 27 countries can still buy and sell in Ireland without taxes. So this strategy on “foreigners” wouldn’t be legal in many cases
Got my vote
Like literally just tax land
The disappearing people. 1.14 births per woman.
https://datacommons.org/place/country/SGP?category=Demographics
They’re finally trying to help their younger citizens get on the property ladder.
We’re in a very similar position to them as an attractive tech and commerce hub. Amazing how far we’ve come in 30 years.
Increase the ‘entity’ rate to 80%
While there are exceptions I believe that all EU countries have to give the same advantages to EU citizens that they give to their national citizens. So it’d be Irish & other EU citizens on the first line.
Makes so much sense. Which (if any) party is most likely to push through such legislation?
nice idea but it bolloks, we turned homes into houses and houses only exist to be investments, people bitch and moan about housing and not being a home..but this is what happens when everything becomes an investment….everything must make money and anything that doesent make money is worthless.
There should be 0 tax on your first and primary property at all. Shelter is a human right.
Put ongoing LPT on a similar sliding scale, but factoring in land use specifics like homestead, residential rental, commercial, commercial rental, etc.
Critical distinction here: stamp duty on buying a *finished residential property*.
Taxes when building homes (for build-to-sell investors in the Irish market – (yes even the foreign ones- who are absolutely *crucial* to our housing sector) – are separate.
Don’t agree with different rates for residents. It’s just gonna push them to rental market. Why should someone who’s already living here, working and paying tax subject to a higher stamp duty than locals? Raise the barrier for immigration if you have to. Agree with non resident foreigners and entities.
Where do you think the extra money would come from? It’s something that would simply be added to rents.
What really needs to happen as well is land needs to be confiscated from the English aristocrats who still own great swathes of this island.
No-one from the British aristocracy has the right to own any land in Ireland.
It sickens me that one snot nosed posh bastard owns the entirety of Lough Neagh.
In Australia and the foreign investment fee is a killer. Along with getting around 70% mortgage max… all in all. I think I need about 40 percent of the total value of the house in savings.
Its the opposite here they now patin developers to build houses but then pricing the houses outta citizens hands
I wonder if this affects the price that Entities, for example, ask for when selling a property.
Stamp is a really inefficient tax, because it stops sales that would otherwise happen.
A real property tax would be better
Stamp duty has one massive con: it makes people consume property less efficiently.
Imagine a couple whose children have flown the nest, and are looking to downsize; taxing them what could be 20% of their annual income to vacate their four-bed in Dublin for a cottage in the country makes them much _much_ less likely to do so.
Or a young couple who want to move to a larger property now that they’re thinking of having kids, but the already colossal prices are now inflated by tax—theyre going to continue living in properties we would love to free up for society’s poorest—and they might put off having kids to boot.
We need to build & renovate more affordable homes for people not to be used as an investment vehicle – taxing at exhorbitant levels will do v little to increase supply
We need to demand something similar to this be implemented here, foreigners obviously being non resident non EU nationals in our case. Entities is the main thing anyway, we need to hit them harder.
Live in Singapore and you’ll say something different,over home past year after a few years there, it’s very racist to non Singaporeans. They have a multi tier system with foreign workers from Indonesia and Bangladesh being treated like rubbish.
The Singapore you see presented to the world is not what it is like in reality.
Really? Think it’s awful idea.
Fine with this, except the bit where permanent residents are treated as second class.
What Singapore did is closer to what SF and the left want, our government would call their policies communist.
> Rising prices meant that Singaporeans could no longer find suitable housing for themselves without breaking the bank. Their choices were to either relocate, or hope that a new investor would price their property at an affordable sum.
> In a bid to halt the soaring prices of homes in Singapore, ***the government developed several laws and countermeasures against property investors.***
Bang of “take care of our own” off this post. Whatever about increasing stamp duty on investment property, it’s not on to differentiate between humans