Budget 2025

ballyharpat

I've posted in Current affairs on Budget 2025, but a lot of the property information can get lost in the other comments.

I've seen this article, suggesting that there will be an increase in tax credit for renters, this can only be good also for landlords, once renters can see that they are getting money directly back into their pockets. Are there any other breaks that could be done, or that have been mentioned, to make landlords want to stay in the market? or to encourage new ones.

https://businessplus.ie/news/renters-budget-2025/

Trigger Happy

Controversial opinion but given the dire state of the housing market they should do something to incentivise landlords to move from short-term (air bnb etc) rentals to long term rentals. Waiting until new stock comes on the market takes way way too long.

And build a new prison and more gardai on the streets. We need to stamp out the rot that is the feral gangs doing as they please.

Grumpypants

Thay need to give a real incentive to landlords not try to legislate them into giving up. But they never will with the narrative that think landlords are on the pigs back.

Airbnb is a great example. If you have two landlords. One rents long term to a family and the other short term to Airbnb guests.

Long term land lord gets 2k the Airbnb guys gets 4k.

Long term guys pays all his income in tax and mortgage. Makes nothing.

Air BnB pays his tax and mortgage and pockets 1000 a month.

Air BnB guest doesn't pay , he loses a few hundred and makes it back next week.

Long term tenants don't pay, he loses tens of thousands. Risks going bankrupt, losing the house, having to sell to pay off debt.

My council contract is up soon and I won't be renting it again. Up fro sale and good riddance. The laughable tax break for landlords last budget showed there is no will to change.

DubCount

I dont agree that an increase in rent tax credit is a benefit to landlords. It is a great benefit tenants through, and they deserve a break.

There will be very little for landlords though. Maybe some tokenism. Nothing to make up for the escalation of bureaucracy or the inability to charge market rate for the service.

Donald Trump

https://www.boards.ie/discussion/comment/122362166#Comment_122362166

Many airbnbs are not operating in compliance with the law and planning regulations as it is. Those rules and regulations can be enforced first.

https://www.boards.ie/discussion/comment/122362332#Comment_122362332

The rent tax credit is paltry to those that are eligible for it. €750 for an individual, €1,500 for a couple who could be paying more than €20k per annum in rent. In many cases it doesn't even cover 1 month's rent.

And then there are thousands of tenants who aren't eligible to even claim it because their bogus landlord hasn't registered the tenancy with the RTB.

endofrainbow

https://www.boards.ie/discussion/comment/122390350#Comment_122390350

Enforcement is severely lacking in this country.

Donald Trump

https://www.boards.ie/discussion/comment/122391591#Comment_122391591

No other business or industry would look for subsidies based on the fact that some people do something they aren't supposed to do (which already benefits the remainder by increasing scarcity) so that the remainder aren't tempted into also following suit and similarly breaking regulations.

dennyk

The rent tax credit going up will encourage more tenants to try to claim it, which could very well be a negative for a fair number of landlords…