A repost because the original was labelled incorrectly.
[deleted]
How can a situation be allowed where an investment fund is a massive landlord in Ireland, paying no taxes here while a single property landlord pays huge tax and is being vilified by everyone, including councillors.
Great but can we tighten the rules on who can buy what. 150 rental units is welcome, but they should be bidding against those wishing to buy.
Ha jokes on them. Everybody knows landlords are losing 30 grand a month trying to rent out the house they bought by accident.
Shure landlords are leaving the market in their droves.
/s
All I want SF to do is exponentially raise taxes for every single rented property owned. After say 4 or 5 properties, be they studios or 8 bed houses, 95% tax. Regardless of the ownership structure.
What gets me is how these types of fellas we always read about that owe money to NAMA or were declared bankrupt are allowed to be anywhere near this industry. There needs to be an actual slap on the wrist for these fuckers, being blocked for board positions or operating as CEO in these indistries. You got bailed out instead of losing it all and blowing your head off, you don’t get to fuck us over anymore. You gotta sit quietly in a corner for the rest of your life or get a real fucking job.
If I was shit at my job and cost my company 22 million in bad loans l, I can’t just pop down to the next company and be allowed buy a mars bar let alone property.
.
David McWilliams said it last year the only way to curb this is people don’t rent!
Sounds easy 🤣 obviously it can’t be done but just shows the sad state of things we are f-ed in the A and think we are only at the beginning of this crisis though feels like we’re years into it already 🤦🏻♂️
> the fund itself doesn’t pay tax in Ireland, with its investment partners instead liable.
So, the tax is indeed collected and paid to the state.
9 comments
A repost because the original was labelled incorrectly.
[deleted]
How can a situation be allowed where an investment fund is a massive landlord in Ireland, paying no taxes here while a single property landlord pays huge tax and is being vilified by everyone, including councillors.
Great but can we tighten the rules on who can buy what. 150 rental units is welcome, but they should be bidding against those wishing to buy.
Ha jokes on them. Everybody knows landlords are losing 30 grand a month trying to rent out the house they bought by accident.
Shure landlords are leaving the market in their droves.
/s
All I want SF to do is exponentially raise taxes for every single rented property owned. After say 4 or 5 properties, be they studios or 8 bed houses, 95% tax. Regardless of the ownership structure.
What gets me is how these types of fellas we always read about that owe money to NAMA or were declared bankrupt are allowed to be anywhere near this industry. There needs to be an actual slap on the wrist for these fuckers, being blocked for board positions or operating as CEO in these indistries. You got bailed out instead of losing it all and blowing your head off, you don’t get to fuck us over anymore. You gotta sit quietly in a corner for the rest of your life or get a real fucking job.
If I was shit at my job and cost my company 22 million in bad loans l, I can’t just pop down to the next company and be allowed buy a mars bar let alone property.
.
David McWilliams said it last year the only way to curb this is people don’t rent!
Sounds easy 🤣 obviously it can’t be done but just shows the sad state of things we are f-ed in the A and think we are only at the beginning of this crisis though feels like we’re years into it already 🤦🏻♂️
> the fund itself doesn’t pay tax in Ireland, with its investment partners instead liable.
So, the tax is indeed collected and paid to the state.