What an utterly amazing and obscene waste of taxpayer money
An absolute joke
Get the fuck outta here
Any of them who own rental properties shouldn’t have a say in this.
Hmm, let’s run the numbers €14k by 25 (average number of years of mortgage?) = €350k.
With such numbers wouldn’t it be better to I dunno finance and build accommodation to properly address the human right of accommodation the government are obliged to provide under UN treaties.
Copying this below from Tony Groves on Twitter:
“this is disgustingly on brand. Tax breaks to “keep” landlords in the market. In Portugal they’re saying sell up if you want. But if you sell to the State they’ll give you a Capital Gains Tax break. State gets a new Social Housing Unit. Landlord gets a golden handshake.
14k incentive to ppl raking in record rents. €14k that’ll come out of money needed for services.
How much do landlord Govt TD’s stand to get here?
They’ve more property between them than Daft dot ie.
Shameless from Fine Gael, Fianna Fáil and their Green Party enablers.”
I’ll be devil’s advocate. If it’s a short term solution, there’s benefits; it’s keeping landlords in the picture as opposed to them selling up to bigger fish. It’s also a measure towards the spontaneous evictions that seem to happening absolutely everywhere. If they go for this scheme, it will have to work in tandem with increased builds, which has been the priority for about infinity billion years.
€14k for the landlord and I got €500.
That is just outrageous.
This is one of the most tone-deaf policies FG has ever considered. Imagine the optics of *massive* tax breaks to people who already own homes, when so many people are struggling to put a roof over their heads. Not to mention giving tax breaks to a lot of their own TDs who just happen to be landlords!
With today’s rents, if you own a rental home you’re sitting on top of a pile of gold. How bad with money do you have to be to struggle with being a landlord? The people who are leaving the market are the ones who never should have been landlords to begin with. They obviously don’t know what they’re doing.
Good idea. It might encourage more people into the market.
So if a friend I trust and I own our own houses we could sell to each other , rent back our homes and avail of the 14k?
Will this also apply to reits?
This is so mindbogglingly tone deaf – not to mention a complete waste of Government resources – I cannot even concern troll them.
Holly Cairns is coming for your daughters lol.
When the country is run by landlords….
Out of this fucking world stupidity – from the dickheads looking for endless eviction bans and driving LLs from the market to these arseholes then gifting them nearly a billion euro in subsidies.
Give workers a proper fucking tax break and build houses, not this shit.
> “30,000 people come home from abroad every year – some of them own houses and apartments and are not able to move back into them. People who have bought an apartment or a house for their kids to use when they go to college – not being able to access them is an issue for property owners,” he added.
It is so difficult to remain calm and maintain a basic level of happiness in this country right now when our leader continues to prioritise the wealthy homeowners, and not even the people of Ireland, the people who wish to return to Ireland.
Leo have you ever thought that maybe they can’t move back into their investment properties because the system has been designed to encourage a rental market, propped up by tax-incentivised vulture funds?
The banks quite literally encouraged the people of Ireland to buy multiple properties a decade ago which directly contributed to the rental problem. Imagine thinking now that the problem is the tenants and not those who own multiple houses extorting massive profits from the hardworking people keeping the economy afloat.
It’s rage-inducing
If this is modelled on the rent a room scheme and acts the same way then it is not a bad idea.
With rent a room it’s 14k in rent you can earn a year, tax free. Earn 1 penny over and pay tax on the whole lot.
It’s a pretty big incentive for landlords to drop rents for an entire property down to 14k max for the year without cutting the actual amount of money into their hand – they’d have to be taking in around 29k in rent, assuming they are in the higher rate of tax as it stands right now to match the 14k. Anyone on the high rate taking in less than 29k it’s a no brainer to drop the rent.
Given the current huge rent prices it would be a discount for a hell of a lot of renters.
The rent a room scheme is a disaster, it leads to landlords charging extortionate amounts
I don’t like that landlords have so much leverage but the tax landlords have to pay is pretty outrageous and is a big part of why rent is so high, even for the landlord to just break even.
Why should these two policies exist in the same rhetorical space? You don’t compensate somebody for passing a law that helps somebody else. This should read “Fine Gael considering giving landlords 14 grand just cos”
Come on folks, we all knew fg would look after their core vote.
I feel like that be an extraordinary slap in the face of everyone struggling to keep a roof over their heads right now.
If the solution is essentially throwing free money to landlords rents that are already near record high levels then you just see plain as day that FFG has nothing but utter contempt for young people and renters.
How about extend the eviction ban indefinitely – and _in addition_ those affected by the crisis hold a permanent protest outside Dublin Airport, blocking all traffic, until the government commits to e.g. getting 80k houses a year built, within 2 years?
When the economy is being hit by _billions_ in losses (which won’t take long at all given Dublin Airport’s importance to the economy) – then the government can either commit to the target, or fuck off and resign – and we’ll have an election to form a government that _will_ commit.
Lol
They really hate young people this ff/fg crowd.
So instead of building houses we are so far into the neoliberal fantasy that now we are at the stage of just giving away tax payer money to an already wealthy class.
Irish landlords won’t be happy until they can suck the blood out of their tenants legally and be thanked for it. Genuinely disgusting people obsessed with greed instead of their neighbours.
Spineless government cronyism for the most well off in society has been disastrous for entire generations. On brand once again.
Another reminder that the housing disaster is by design and on purpose by Fine Gael.
Good idea but 7K would’ve been plenty
Glad to hear the daily is taking care of themselves, talk about conflict of interest!
One man’s rent is another man’s untaxed income.
Technically this is similar to portugals scheme where landlords get more of a tax break the longer they keep a tenant
This is great if its like the rent a room setup . It might bring rents down and it will encourage more people to rent out houses as its more lucrative. The current setup had a 50% tax on rental income if your landlord worked. The rent a room tax break also encourages you to charge less than 12400 a year or something close to that to avail of the 0% tax break. It could be in landlords best interest to bring the prices down and end up with more income overall.
They should only get a tax break if they sell to the state like is done in France I believe.
The state would get an asset and a landlord in it to make a buck is happy but removed from the market.
Fine Gael would not do this as their intentions are purely malicious.
Think this is not that great if applied to all property types and sizes.
For small units where rent today is between 1500 and 2000 that would work, because the after tax could be lower than 14000.
But for anything large enough like a 3-4 bed apartment, there will be no changes in price.
Ireland will be full of single unit/studios/one bed apartments costing at most 1150.
This is actually a very good incentive and we should applaud it for what it is. Reading the comments here, by the brainy lads, it doesn’t seem problematic. If course nothings perfect but it’s a small price to pay for something that’s both beneficial to landlords and renters.
36 comments
What an utterly amazing and obscene waste of taxpayer money
An absolute joke
Get the fuck outta here
Any of them who own rental properties shouldn’t have a say in this.
Hmm, let’s run the numbers €14k by 25 (average number of years of mortgage?) = €350k.
With such numbers wouldn’t it be better to I dunno finance and build accommodation to properly address the human right of accommodation the government are obliged to provide under UN treaties.
Copying this below from Tony Groves on Twitter:
“this is disgustingly on brand. Tax breaks to “keep” landlords in the market. In Portugal they’re saying sell up if you want. But if you sell to the State they’ll give you a Capital Gains Tax break. State gets a new Social Housing Unit. Landlord gets a golden handshake.
14k incentive to ppl raking in record rents. €14k that’ll come out of money needed for services.
How much do landlord Govt TD’s stand to get here?
They’ve more property between them than Daft dot ie.
Shameless from Fine Gael, Fianna Fáil and their Green Party enablers.”
I’ll be devil’s advocate. If it’s a short term solution, there’s benefits; it’s keeping landlords in the picture as opposed to them selling up to bigger fish. It’s also a measure towards the spontaneous evictions that seem to happening absolutely everywhere. If they go for this scheme, it will have to work in tandem with increased builds, which has been the priority for about infinity billion years.
€14k for the landlord and I got €500.
That is just outrageous.
This is one of the most tone-deaf policies FG has ever considered. Imagine the optics of *massive* tax breaks to people who already own homes, when so many people are struggling to put a roof over their heads. Not to mention giving tax breaks to a lot of their own TDs who just happen to be landlords!
With today’s rents, if you own a rental home you’re sitting on top of a pile of gold. How bad with money do you have to be to struggle with being a landlord? The people who are leaving the market are the ones who never should have been landlords to begin with. They obviously don’t know what they’re doing.
Good idea. It might encourage more people into the market.
So if a friend I trust and I own our own houses we could sell to each other , rent back our homes and avail of the 14k?
Will this also apply to reits?
This is so mindbogglingly tone deaf – not to mention a complete waste of Government resources – I cannot even concern troll them.
Holly Cairns is coming for your daughters lol.
When the country is run by landlords….
Out of this fucking world stupidity – from the dickheads looking for endless eviction bans and driving LLs from the market to these arseholes then gifting them nearly a billion euro in subsidies.
Give workers a proper fucking tax break and build houses, not this shit.
> “30,000 people come home from abroad every year – some of them own houses and apartments and are not able to move back into them. People who have bought an apartment or a house for their kids to use when they go to college – not being able to access them is an issue for property owners,” he added.
It is so difficult to remain calm and maintain a basic level of happiness in this country right now when our leader continues to prioritise the wealthy homeowners, and not even the people of Ireland, the people who wish to return to Ireland.
Leo have you ever thought that maybe they can’t move back into their investment properties because the system has been designed to encourage a rental market, propped up by tax-incentivised vulture funds?
The banks quite literally encouraged the people of Ireland to buy multiple properties a decade ago which directly contributed to the rental problem. Imagine thinking now that the problem is the tenants and not those who own multiple houses extorting massive profits from the hardworking people keeping the economy afloat.
It’s rage-inducing
If this is modelled on the rent a room scheme and acts the same way then it is not a bad idea.
With rent a room it’s 14k in rent you can earn a year, tax free. Earn 1 penny over and pay tax on the whole lot.
It’s a pretty big incentive for landlords to drop rents for an entire property down to 14k max for the year without cutting the actual amount of money into their hand – they’d have to be taking in around 29k in rent, assuming they are in the higher rate of tax as it stands right now to match the 14k. Anyone on the high rate taking in less than 29k it’s a no brainer to drop the rent.
Given the current huge rent prices it would be a discount for a hell of a lot of renters.
The rent a room scheme is a disaster, it leads to landlords charging extortionate amounts
I don’t like that landlords have so much leverage but the tax landlords have to pay is pretty outrageous and is a big part of why rent is so high, even for the landlord to just break even.
Why should these two policies exist in the same rhetorical space? You don’t compensate somebody for passing a law that helps somebody else. This should read “Fine Gael considering giving landlords 14 grand just cos”
Come on folks, we all knew fg would look after their core vote.
I feel like that be an extraordinary slap in the face of everyone struggling to keep a roof over their heads right now.
If the solution is essentially throwing free money to landlords rents that are already near record high levels then you just see plain as day that FFG has nothing but utter contempt for young people and renters.
How about extend the eviction ban indefinitely – and _in addition_ those affected by the crisis hold a permanent protest outside Dublin Airport, blocking all traffic, until the government commits to e.g. getting 80k houses a year built, within 2 years?
When the economy is being hit by _billions_ in losses (which won’t take long at all given Dublin Airport’s importance to the economy) – then the government can either commit to the target, or fuck off and resign – and we’ll have an election to form a government that _will_ commit.
Lol
They really hate young people this ff/fg crowd.
So instead of building houses we are so far into the neoliberal fantasy that now we are at the stage of just giving away tax payer money to an already wealthy class.
Land War 2 when?
WHY!!!????
# What he means is free money for [Ires Reit](https://www.google.com/search?client=opera-gx&q=ireland+biggest+landlord&sourceid=opera&ie=UTF-8&oe=UTF-8)
Irish landlords won’t be happy until they can suck the blood out of their tenants legally and be thanked for it. Genuinely disgusting people obsessed with greed instead of their neighbours.
Spineless government cronyism for the most well off in society has been disastrous for entire generations. On brand once again.
Another reminder that the housing disaster is by design and on purpose by Fine Gael.
Good idea but 7K would’ve been plenty
Glad to hear the daily is taking care of themselves, talk about conflict of interest!
One man’s rent is another man’s untaxed income.
Technically this is similar to portugals scheme where landlords get more of a tax break the longer they keep a tenant
This is great if its like the rent a room setup . It might bring rents down and it will encourage more people to rent out houses as its more lucrative. The current setup had a 50% tax on rental income if your landlord worked. The rent a room tax break also encourages you to charge less than 12400 a year or something close to that to avail of the 0% tax break. It could be in landlords best interest to bring the prices down and end up with more income overall.
They should only get a tax break if they sell to the state like is done in France I believe.
The state would get an asset and a landlord in it to make a buck is happy but removed from the market.
Fine Gael would not do this as their intentions are purely malicious.
Think this is not that great if applied to all property types and sizes.
For small units where rent today is between 1500 and 2000 that would work, because the after tax could be lower than 14000.
But for anything large enough like a 3-4 bed apartment, there will be no changes in price.
Ireland will be full of single unit/studios/one bed apartments costing at most 1150.
This is actually a very good incentive and we should applaud it for what it is. Reading the comments here, by the brainy lads, it doesn’t seem problematic. If course nothings perfect but it’s a small price to pay for something that’s both beneficial to landlords and renters.