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Landlords selling up - Rents rising

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Comments

  • #252
    mrslancaster
    Registered Users, Registered Users 2 Posts: 1,931 ✭✭✭mrslancaster



    https://www.boards.ie/discussion/comment/117798932#Comment_117798932

    If the estimated half million landlords each paid something to a legal firm that would be a good chunk of change but it'll probably never happen. IIRC, there was something on boards some time ago about that kind of legal challenge not being allowed, don't remember exactly - is it a class action or something?

    Edit: Maybe there should be a threshold type organisation for landlords. Does the state have an obligation to fund charities providing information to both parties equally or can they give preferential treatment to tenants by funding several tenant charities plus all the AHB's? Just wondering..



  • #253
    Donald Trump
    Registered Users, Registered Users 2 Posts: 20,828 ✭✭✭✭Donald Trump


    https://www.boards.ie/discussion/comment/117798832#Comment_117798832


    Actually Bass, I think that any money put in, or any property or other assets transferred into the company structure, at least when converting to a company, are accounted for as director loans and can be taken back out without being taxed. They wouldn't be subject to the 12.5% tax.


    They wouldn't know about that here on the property forum. We'd need to go over to the F&F forum for clarification 😉



  • #254
    Bass Reeves
    Registered Users, Registered Users 2 Posts: 19,584 ✭✭✭✭Bass Reeves


    https://www.boards.ie/discussion/comment/117799449#Comment_117799449

    You are right I think. There would be little advantage in putting a complete property in unless you wanted to leverage it to borrow to buy another 1-2 properties

    Slava Ukrainii



  • #255
    JimmyVik
    Registered Users, Registered Users 2 Posts: 5,367 ✭✭✭JimmyVik


    Looks like another landlord sorry that he rented and cant get the tenants out.

    I think a lot of this is coming and its just going to get harder and harder for landlords to get their investment back so they can sell it or even just get not so nice tenants out of it.

    https://www.property.ie/property-for-sale/C2-Tarmon-Harbour-Termonbarry-Tarmonbarry-Co-Roscommon/6129110/

    The only reason I saw this was looking at buying a holiday home there a couple of years ago.

    Had rented one a few years ago and thought it was lovely.

    When I went to view the one i was interested in buying, things had changed in the couple of years gone by. A few doors down looked like a halting site, so I backed out.

    It was supposed to be a holiday home and didnt feel like that with that monstrosity in the middle of it, so i backed out.



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