Proposal for landlord tax break in budget

You must have been hiding under a bush the last while. Landlords are trying their best to sell up. Now we have Leo as well encouraging people not to move out. Every obstacle they can muster is being put in the way of landlords selling their property.

The horse has bolted. Not only are you losing customers, but you are frightening any others from coming in the door. At this point they wont believe any promises, and the certainly wont believe that something good to come is not a trick to be pulled away with yet another new legislation in 6 months.

Personally I dont think anything they do will pull it back. They have made it clear now that they dont want property owners to have any control over their own property. Even that Sh1te Leo came out with today is basically telling people to stay when their landlord wants to sell.

Something like that seems like a rational solution from a disinterested perspective. 1. Put some some protections in place for the tenant. 2. Massively ramp up supply of new builds. 3. At that point protections for the tenant are no longer needed as landlords are only too happy to have tenants in a situation of abundant supply, and the protections put in earlier are no longer a burden on the landlord.

151st posting of the same thing.

Any chance you'd change the record, or at least maybe develop your points a little bit, just for a bit of variety, like 🙄

Thats why we are where we are now. People too consumed with their own prejudice that they cant step back and look at the big picture. And politicians so concerned with getting those peoples votes that they will not dare address the elephant in the room and instead pander to them. There is no way back at this point i think.

How is it prejudice to believe LLs shouldn't get tax breaks? I'm still laughing at your 90% hahahahah there is a lot of landlords making some lovely money out there , you seem very concerned for them.

Possibly a more stupid comment than his intern "joke" in Washington last week. FG need to put Coveney in as leader asap before Leo digs an even deeper grave for them.

In case anyone was unaware, Squidgainz does not believe landlords should get a tax break.

He'll be along to tell you again in a page or two, just in case you've forgotten.

I don't want landlords paying less tax. I have been so so clear on this hahahaha

Jesus, it wasn't even two.

Reported for spamming.

Like I said yesterday its not promises but legal contracts I'm suggesting.

A 5 year form of contract to reward landlords for continuing to provide accomodation.

It doesn't have to be a tax break per se, maybe something like an exit bonus.

It's counter intuitive to suggest that landlords wont be interested in extra income. That's why they are in the business.

Every unit that is kept in the market is a bonus at this stage.

It also helps to avoid local authorities taking ownership of unsuitable properties which will cause further headaches down the track.

It’s what’s going to happen, it’s literally the only tool left in the box that doesn’t ‘endanger’ tenants, they’ll never make it easier to evict, and I can’t see them changing the RPZ status, because it’ll be too much hard work, they may do something around it but it’ll be gradual.

They could try the stick approach with another ban but that’s going to lead to a constitutional challenge and that’s a road the government doesn’t want to go down, because if it’s found to be unconstitutional in the first place, all those guys who wanted to sell will have cases against the government that they were prevented from doing so, also all the people who wanted to buy who couldn’t and then mortgage approval lapsed will have cases too, because they were prevented by something unconstitutional, may even go back to the Covid ban, so no they won’t do this.

the only thing they can do relatively quickly is cut taxes and cut them to the bone it’s the only thinG they have left

Started reading this thread, didn't cop it was from 2016, I thought it was a new thread.

Things haven't changed much in the meantime! And if they have it's for the worse!

A lot of landlords (understandably, I think), while they understand the need for regulation, complain of uncertainty in that regulation. One minute the government are allowing a particular thing, then they ban it, then they allow it again.

So I was wondering that instead of tax brakes, might it be an idea instead for the Govenrnment to research rental markets around the world, find out which ones are stable and provide reasonable returns for landlords as well as a decent amount of security for tenant. I posted the example of Vienna, a signficicant and historical city of just under two million, where rentals seem to work. Vienna suffered large scale bombing during WWII and so had to deal with housing shortages just like we are today but for different reasons. I will try to find the post and link it here.

The idea here would be that best practices would be based on what works elsewhere with certain adaptations to local conditions and would stay that way long term.

That would be sensible, but wont happen. All politicians are married to populism, and making sensible steps which are unpopular, is never on the agenda.

Take rent controls. Rent controls have been tried many times in many places, and never work. Stable rental markets in other parts of the world do not have rent controls - but we wont be dropping them any time soon as who wants to be the minister responsible for a Prime Time special on why one family in Mayo who have a current rent of 500 per month are going to have to pay 900 per month even though market rent has been over 1000 per month. Even if this might reduce rents overall, its unpopular and therefore wont happen.

Besides, the real thing that provides stability, is balance between supply and demand. We simply dont have enough houses and apartments to provide a home to everyone who needs one. Until we get that, no structure will work.