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Becoming a landlord

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    #32
    matt-dublin
    Registered Users Posts: 4,468 ✭✭✭matt-dublin


    also what sort of rates will a letting agent charge?


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    #33
    murphaph
    Registered Users Posts: 19,022 ✭✭✭✭murphaph


    Pawwed Rig wrote: »
    In businesses interest is generally allowed as a deduction. This is one of the great advantages of the IFSC in Ireland, so to allow it for all business except landlords would imo be unfair as it is a legitimate expense of the letting business.
    It's already unfair that it's only 75%. It's a legitimate business expense and should be allowed at 100% as it is in the UK, Germany etc.


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    #34
    D3PO
    Registered Users Posts: 7,879 ✭✭✭D3PO


    murphaph wrote: »
    It's already unfair that it's only 75%. It's a legitimate business expense and should be allowed at 100% as it is in the UK, Germany etc.

    Changing it to 100% would only serve to

    a) push up property prices as post tax yields would rise.

    and

    b) reduce tax take.

    Neither of which the government would want to see happen.


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