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Removal of property tax reliefs deferred pending assessment

Comments

  • #2
    holdfast
    Registered Users, Registered Users 2 Posts: 1,152 ✭✭✭holdfast


    If they raise taxes for normal people they should also raise them for the super rich

    will the IMF/EU have budgeted for that money, so either they pay or the ordinary joe will again


  • #3
    thebman
    Closed Accounts Posts: 10,012 ✭✭✭✭thebman


    But lobby groups are good aren't they??

    Yet more evidence that these lobby groups need to go away and not come back...

    Why does our government have time for any of them except to get donations for their parties?


  • #4
    gigino
    Closed Accounts Posts: 2,350 ✭✭✭gigino


    Many small people - not rich people - borrowed money to invest in a section 23 property, to provide themselves with a pension for their old age. Many took out an additional mortgage in order to do so. At the time they bought the section 23 property, they were encougaged by the revenue and by the government to do so. It raised the quality of housing stock available for tenants in the country, created employment + raised taxes for the govt when the property as being built etc. These tax rules had a 10 year time frame. The price of the properties was inflated because of the tax incentives. After paying the high price for the property, the govt now cannot come along and take the tax incentives away.

    An analogy would be like a leisure centre selling 5 years membership for a certain price, and then when it had got the money saying we are changing the terms bigtime to make it not worthwhile for you / really make you wish you did not invest your borrowed miney with us.

    People who borrowed money and made sacrifices in an effort to provide their own little pension atre being kicked while they are down. Most are in negative equity, and face reduced rents, reduced capital value, additional taxes ( eg 2nd property tax ) and charges etc.

    Moral of the story ; do not trust the govt / revenue. Send your money abroad. Tell your kids to emigrate.


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