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Reducing investment demand for property by eliminating tax relief on interest.

power101 · 2016-11-14 20:44:12

The UK are reducing the interest tax relief from 100% to 0% over the next four years. Landlords in Ireland currently get 75% relief. In order to increase supply and reduce demand of investors should Ireland not do the same. https://www.gov.uk/government/news/changes-to-tax-relief-for-residential-landlords Less investors…

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#32 17-11-2016 6:49pm
riclad

Registered Users Posts: 8,184 ✭✭✭

Join Date: November 2011

Posts: 8027

There are landlords out there who bought in the boom, who are in large negative equity ,any reductions in interest rates would be a disaster
for them and would drive then out of the rental business .
If the government wanted to discourage investors or vulture funds ,
say you can only get tax credits on 2 house,s , or apartments .
After 2 units there may be reduced tax credits on new buildings
bought as rental investments .
but does it make sense to discourage investment in new rental
propertys ,
Since more propertys built may mean reduced average rents in an area.

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