Landlords in Ireland to be handed tax break

Ireland’s landlords are set to be given a tax break if they commit to staying in the market for the long haul.

If landlords agree to a five or 10-year lease they will reportedly receive a tax credit based on the term, under measures considered for next month’s Irish Budget on 27 September 2022,

The number of homes available to rent in the country reached an all-time low in the second quarter, which has pushed rents to record levels.

Tenants in Dublin saw accommodation costs surge by 12.7% in the year to the second quarter of 2022, a report by property website found.

This has driven the average rent in the capital to €2,170, up 112% from its lowest point in 2011.

It remains to be seen if Irish measures designed to keep landlords in the sector shifts over to the UK, where landlord profitability has been hit by higher mortgage costs.

Such a move to help landlords could be a controversial one, so the UK government will surely keep a close eye on how the picture develops across the English channel.

Comments 1

  1. Call me a cynic but the way politicians work they will probably then introduce nasty legislation so these poor people who trusted them get a bad deal further down the line. After all many landlords came to the market following the 1988 Housing Act and then once a market was formed the politicians then screw landlords down to more and more regulation and controls to the point of driving them out of the market. Lesson: Never trust any politician or political party; keep your investments fluid.

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