Housing Minister wants tax cuts for small landlords in Budget as ‘good landlords’ are leaving market

by CheerilyTerrified

24 comments

  1. You have to admire their competency in getting pay increases for themselves. If they applied it elsewhere they might have a chance at staying in government.

  2. But the landowning class is the oppressed ones 🙁

    If we don’t treat them nicely they will sell their extremely overpriced assets and may have to contribute to society.

  3. Yeah we should help look after cunts with spare houses that are contributing to the housing misery in this country and bleeding renters dry. /s

    If anything there should be a scaled upwards tax on residential property

    1st house after primary residence taxed at 40% and every other after that at 90% corporate landlords/vultures should be decimated for the good of the country

  5. Oh fuck off. He really just reads the Sindo and uses that as the basis for policy

  6. Leaving the market likely means selling their second/third/fourth house and letting other people actually become home owners.

    If anything, it’s tax on construction of apartments that needs to be reduced.

    Could you imagine the flurry of construction if the government said “ok, 10 years of no tax on the construction of new builds”

    They’d be shopping builders in by the boatload

  7. Show us the concrete independent evidence that they are leaving so?

    Cause at no point during this narrative has any been shown.

  8. Will the take break be tied to being registered with the RTB?

    I keep saying it again and again. Right now its simply just a smarter decision to sell up while property prices are insane and rents, while high, are limited by how much people can afford.

    If you only any decent property in dublin you could flip it for 400k+ or rent it and get 2000/3500 for rent. Minus tax and expenses.

    Only small landlords really making money are those already not paying tax. And shoving in as many people they can get away with.

  11. Surely that will encourage the slightly bigger landlords to sell so the qualify for small landlord status and tax benefits

  12. I like the implication that the REITs aren’t the good landlords.

  13. I have rented in 8 properties over the years. In all but one case, the “small landlord” was terrible. The property management companies were actually better to deal with in most cases and had dedicated maintenance and repair staff who fixed things quickly.

  14. I don’t really understand this – it’s certainly not money which is driving landlords out of the market, rents have never been higher. There’s a justifiable concern that if you get a bad tenant, you have no comeback and are stuck with the misery. Also if Sinn Fein get into power, there’s a fear that your property will effectively no longer be yours.

    I think landlords are, quite rightly, selling up as there is too much uncertainty over the future, and the mechanisms for dealing with bad tenants are quite simply crap. Government should focus on these points.

  15. Even if he is right its such bad optics. As my mate says the government never misses an opportunity to help SF get votes.

  18. Maybe stop funding institutional landlords with taxpayers money then.

  20. I just don’t get the argument…. Can someone provide figures?
    If a small landlord leaves the market…. The house doesn’t disappear into thin air… it’ll either become another rental from a different landlord or a family/other tenants will move in. That family or group of people will free up a place elsewhere…. The amount of houses doesn’t drop.
    Also, Isn’t there a government scheme where they will buy properties to keep people in their home if the landlord sells up?
    Maybe they need to focus on that and block sales to vulture funds instead of handouts to landlords

  21. Is there no situation where FG won’t side with landlords? Obvious solutions like banning any new AirBnB listings are ignored.

    The only proven reason landlords were leaving the market is simple:
    1. Due to increases in mortgage interest rates their tenants rents weren’t covering the repayments.
    2. Record high prices for house sales.

    The idea it was down to income tax or any such reason hasn’t been proven.

  23. After reading this I am almost certain FG is going to get in next election.

  24. I strongly disagree with the premise that small landlords are good landlords. Who’s more likely to cheat on their taxes, break rules, refuse to replace broken stuff, and cheat you out of your deposit?

    If it’s no longer financially attractive for a person to buy one property to rent out, that’s actually a positive outcome. That’s been a major issue over here for a long time.

Leave a Reply