Irish Property Market chat II - *read mod note post #1 before posting*

I get the first point, this isn't that. It is your second example. Just never for sale to the gen pop.

Let me rephrase the question. If brother A sells a house to brother B, directly, is there greater scrutiny on that transaction from revenue than a normal sale which passes through the standard route?

Okay, this is interesting. If the property is never really for sale then you cannot get a true value though, right? If I list a property for €1M and I am inundated with calls but never go to a bidding situation then in reality the property could be worth €2M but we will never test the thesis. Unless (maybe this happened with what you saw) they allowed bidding to see what price would be reached.

There was no bidding in my example. So a base price could be established but not its true value.

This is what I suspect is happening. Cheers.

And yet a person should be allowed to sell to whoever they want for how much they want. In the case above the brother selling for 300k even so it's value is 500k. Why not? Are we in communist China?

Beat me to it. :)

Think part of it is down to Ireland treating Gift Tax as a generalisation of Inheritance Tax which is something the receiver pays, whereas over in the UK it is paid by the sender. But this is getting close to off-topic...

Decent analysis, it's refreshing to hear the government being called out by people of this calibre.

4 billion year spent on housing and the net effect is to make it more unaffordable. Completely wasted taxpayers money. He is of the opinion that if the government done nothing housing would be in a much better position.

That spending is the equivalent of a children's hospital every 6 months, however the result of that spending is to handicap the economy, while with the hospital we will have something positive eventually

I'm not sure how this is mind-boggling. It's pretty obvious from a materialist perspective that the current and past governments are primarily motivated to keep prices elevated, for the various reasons that have been discussed ad nauseam on these forums and elsewhere. The fact that they don't say it outright shouldn't be that surprising either.

After the last crash we introduced a new tax called usc to help cover the enormous cost of a property bust.

Today that tax takes in 5 billion per anum. Of that 5 billion, 4 billion is being spent on creating the next property bubble

You really could not make this stuff up!

No penalties for dereliction. Property allowed to destroy our towns and villages

4,000,000,000 a year spent on "housing". No clue

Meanwhile in our capital city

One feels that the 4000,000,000 a year spent on housing could be spent more wisely

From your article:

"However, Doherty says there are so many exemptions that it is pretty toothless. “One of the glaring weaknesses of the Vacant Homes Tax is that if you take out the bathroom or kitchen then it’s not habitable and not liable. Also of course, it’s self-assessed. It’s easily avoided.”"

I agree with your premise and dereliction is totally wrong and antisocial.

If all you have to do to avoid the tax is remove a toilet then I would be amazed if a single person pays this tax.

Simple solution then is to have a mechanism which alters the "planning permission" of the structure to that of an uninhabitable structure (like a lockup or shed)...............and make it permanent.

"Uninhabitable" for 5 years ...... well ok then. Permanent uninhabitable status for that building. And a fixed time period in which it must be demolished if it becomes dangerous. Or simply a mechanism where the local authority compulsorily purchases it at the new status of being equivalent to a shed after enough time has passed.

They eventually and belatedly came up with solutions to similar issues related to Georgian houses in Dublin back in the day

Hi All, I am bidding on a property that has a BER rating of C2. However the estate agent claims they had insulation work done to the standard of a B3 rating but could not get the certification for it as they “lost the receipt.”

Im really confused by this - is the certification process strictly based on the receipt from the company who conducted the work?

If so are there workarounds? Would a structural survey be able to cover this?

There are implications on this given that green mortgages require B3 or more.

Any guidance is greatly appreciated.

many thanks

From SEAI website "It is important that you retain any details and documentation of works done to your home. These could be certifications, receipts, invoices or specification documents. This information is important for ensuring you receive the most accurate BER for your home after the upgrades."

Still though, I feel you'd be able to request a reissue of a receipt/invoice if it was from a reputable provider? Your question might be better in the currently buying/selling a house thread.

You are goosed unless you can get a B3 BER cert, maybe another assessor would look at it and check the insulation possibly open vent and check inside them. Otherwise you are buying a C3 house