In documents prepared by senior officials within the Department and released under the FOI act, there was an original plan to allow landlords a rental income tax disregard of up to €10,000.
This was later scaled down to €5,000.
The documents also noted that “there is already a significant amount of tax relief available to individuals who are landlords” and advised that the Tax Division did not recommend a rental income disregard.
It was further stated that “Ireland’s past experience with tax incentives in the property sector strongly suggests the need for a cautionary stance in this area”.
by leglath
6 comments
Silly attitude, don’t they know landlords are *fleeing* the market? /s
*”I only wanted to help my buddies though, I don’t actually care about this land or it’s people I only care about my own status and my profits”*
What is it like 85% of the dail are landlords or something?
Hmm…I would swear that this was reported on before the budget was announced already….government didn’t care then either…..
I think the way in which they are implementing it is smart though,
Keep it in the market for the full term, otherwise we’re clawing it back. (And you don’t F with revenue, they’ll get it)
However, I don’t think that option should be available to businesses it is to rent or hedge funds, etc. I think only small landlords with 1-2 properties should get it.
Corrupt corrupt corrupt….they are all fucking corrupt.
Majority of TDs are landlords.. writing their own laws. What a joke
This is why we have a housing crisis….they don’t give one shit about us as long as they can feather their nests, the dirty weasely bastards.