Mickey Dee sells a house!

StackSteevens

Reported in the Sunday Times that

A sale has been agreed for a house owned by Michael D Higgins in Galway for around its asking price of €470,000 — €100,000 more than the president paid six years ago.

Higgins bought 2 Sylvan Road in the Galway suburb of Newcastle at auction in 2014 for €370,000, and rented it to NUI Galway students until late last year, when he served them with a notice to quit as the property was going on the market. The house had been making €2,220 a month until its tenants moved out shortly before Christmas.

.......

Higgins, who said on The Late Late Show last month that the Covid-19 pandemic had provided an opportunity to “do housing differently” in Ireland, will benefit from a capital gains tax (CGT) exemption by selling the house this year. CGT is usually charged at 33% on any profit from a property sale, but Higgins purchased the buy-to-let at a time when the government had introduced an exemption to kick-start the stagnant property market.

The exemption from CGT applies to all houses bought between 2011 and the end of 2014 sold between four and seven years later. This means if the house reaches its asking price of €470,000, Higgins will make €100,000 tax-free on the investment."

Always uplifting to see a committed life-long socialist winning big in the capitalist system.

Presumably the likes of Corbyn and his pals in Venezuela and Cuba will be thrilled for him.

This is such a non story..

begbysback

Clickbait

antodeco

My friend won a TV and then sold it for €200

Hercule Poirot

Man with money makes more money via a shrewd investment - nothing to see here, move along

StackSteevens

Deleted User wrote: »

This is such a non story..

..... that you felt obliged to comment on it?



I struggle to imagine what you'd have written if it was a "real" story.

namloc1980

StackSteevens wrote: »

Reported in the Sunday Times that



Always uplifting to see a committed life-long socialist winning big in the capitalist system.

Presumably the likes of Corbyn and his pals in Venezuela and Cuba will be thrilled for him.

Not a bad effort OP. I give it a 5/10.

StackSteevens

namloc1980 wrote: »

Not a bad effort OP. I give it a 5/10.

Is that before or after CGT?

Timberrrrrrrr

StackSteevens wrote: »

..... that you felt obliged to comment on it?



I struggle to imagine what you'd have written if it was a "real" story.

what seem to be the issue?

Are you so happy for him that you felt the need to start this thread?

Are you so enraged by this that you felt the need to start this thread?

What's your thoughts on him selling the house for a profit?

JohnnyFlash

There’s some extremely juicy tabloid style stories about Michael D just waiting to be uncovered. This non story doesn’t cut the mustard.

gmisk

Man owns house....man sells house....thrilling it should be all over the news....ffs

Pintman Paddy Losty

JohnnyFlash wrote: »

There’s some extremely juicy tabloid style stories about Michael D just waiting to be uncovered. This non story doesn’t cut the mustard.

I've heard rumours myself.

Eric Cartman

JohnnyFlash wrote: »

There’s some extremely juicy tabloid style stories about Michael D just waiting to be uncovered. This non story doesn’t cut the mustard.

They wont print that one, same reason a famous boyband producer doesn’t have it printed about him either, media outlets printing it would be blackballed from a lot of PR and music events

StackSteevens

gmisk wrote: »

Man owns house....man sells house....thrilling it should be all over the news....ffs

It's really uplifting to read so much support for a former landlord who has made a nice tax-free killing on the property market.

And there was I thinking that landlords were the scum of the earth! How rapidly things change when the landlord in question is a tin god to some!

perfectkama

in every socialist there is true capitalist fair play him

Thanks for raising "awareness" on this story Stack

A lot of plebs are very happy to be informed of such things - E100,000 profit and no tax - really shines a light on our leader's motivations; oftentimes, perhaps more than a little at odds with their outspoken opinions.

A lot of wannabe censors on here :pac:

Signore Fancy Pants

He should have bought 2 houses.

That would have shown us!

gmisk

StackSteevens wrote: »

It's really uplifting to read so much support for a former landlord who has made a nice tax-free killing on the property market.

And there was I thinking that landlords were the scum of the earth! How rapidly things change when the landlord in question is a tin god to some!

I would never call landlords scum of the earth.
It's a bizarre thing to say imo.

sabat

I think the crux of it is he made some students homeless in the midst of a housing crisis, after rinsing them for rent for several years, in order to make sure he got that tax exemption before it expired.

sabat

sabat wrote: »

I think the crux of it is he made some students homeless in the midst of a housing crisis, after rinsing them for rent for several years, in order to make sure he got that tax exemption before it expired.

If all that's true then it's most definitely news(thread)worthy.

Some of his 'defenders' might have some choice words to say had it been a different public figure; words that need not be said :rolleyes:

Edgware

Hercule Poirot wrote: »

Man with money makes more money via a shrewd investment - nothing to see here, move along

Socialist makes profit. Organise the firing squad Comrade

trashcan

Signore Fancy Pants wrote: »

He should have bought 2 houses.

That would have shown us!

It's not easy running two houses. You ought to try it sometime.

Zebra3

Wait until the OP hears about all the so-called capitalists who love a bit of state aid and tightly regulated markets.

StackSteevens

Zebra3 wrote: »

Wait until the OP hears about all the so-called capitalists who love a bit of state aid and tightly regulated markets.

In what way would that spectacularly lame attempt at a bit of whataboutery make my OP regarding tax avoidance by Ireland's premier socialist any different?

Perhaps you're too young to remember the words of Leonora Hemsley that "taxes are for the little people"? But assuming that she's right, why isn't the little man in the Aras paying his fair share?

Zebra3

StackSteevens wrote: »

In what way would that spectacularly lame attempt at a bit of whataboutery make my OP regarding tax avoidance by Ireland's premier socialist any different?

Perhaps you're too young to remember the words of Leonora Hemsley that "taxes are for the little people"? But assuming that she's right, why isn't the little man in the Aras paying his fair share?

I'd be far more concerned about his obscene salary and no doubt pension pot that we have to pay for, than him selling a property he owned.

Do you think he should've sold it for a loss?

James Brown

StackSteevens wrote: »

Reported in the Sunday Times that



Always uplifting to see a committed life-long socialist winning big in the capitalist system.

Presumably the likes of Corbyn and his pals in Venezuela and Cuba will be thrilled for him.

What bollocks. He sold his gaff. Would you have him give it away? What kind of a f***ing ejit do you want as President?
Oh a left leaning man sold a house

r439z5ifwt8soq

Oh no, he bought a house and then sold it a few years later! Someone call the Wahmbulance

Zebra3

Maybe Higgins should've made a mess of his property dealings and got the taxpayers to pick up the tab like the banks did.

Then we could all be happy, yeah?

Pkiernan

Gotta love the Lear Jet Liberals!

Pulling the wool over lefty eyes for 50 years!

Saps.

Eric Cartman

Pkiernan wrote: »

Gotta love the Lear Jet Liberals!

Pulling the wool over lefty eyes for 50 years!

Saps.

ohh I'm keeping that one. They always look similar too, Bernie sanders in his Audi R8 V10 plus comes to mind.

Allinall

StackSteevens wrote: »

In what way would that spectacularly lame attempt at a bit of whataboutery make my OP regarding tax avoidance by Ireland's premier socialist any different?

Perhaps you're too young to remember the words of Leonora Hemsley that "taxes are for the little people"? But assuming that she's right, why isn't the little man in the Aras paying his fair share?

He is paying his fair share.

Same as you are, one would presume.