I don't agree with taxing a person's home. We should hammer tax on second or holiday homes.
Are you suggesting FF/FG's base is wealthy? I think they'd disagree. Wealthy foreign investors don't vote.
All parties think they serve a section of society and play to that base. Thats how political parties work.
For me income is the way to go unless taxing property speculation heavily.
Property tax IS a wealth tax, and a very effective one at that. Pretty much nobody can avoid it, there's no way to hide from it. You can't offshore a house. Something like 80% of Irish wealth is property assets, which will include people's homes. Property is a way of separating the haves from the have nots.
SF's opposition to it is fairly incoherent as far as leftist politics go, but the reason is they instead want a tax on wealth that their vote base won't have to pay. Their alternative suggestion is nonsense, it's just lip service and they know it, so for all intents and purposes SF are a leftist party opposed to taxing wealth.
The valuation is a self valuation. Nothing is exaggerated by FF/FG. Read the links already provided.
Why are you complaining about LPT when it is clear you have no idea what the tax is and how it works?
The often false exaggerated values driven up by FF/FG friends in the biz set the pricing. If you live in a generational family home it could be worth 700,000 or more and you on minimum wage. For me taxing based on wealth or income is better. How ever much your house is worth you don't have that money in your pocket.
Exactly
FF/FG as claimed have nothing to do with the valuation as claimed. If someone want to under value they are just building themselves up a nice big debt
It's a self valuation and I already provided the link
Sorry wrong word, it is a deferral rather than an exemption , Which you can apply for. https://www.citizensinformation.ie/en/money_and_tax/tax/housing_taxes_and_reliefs/deferring_local_property_tax.html
As you say, most people know the value of their houses. The bands are pretty broad, so unless someone puts a value of under €200,000 for a house worth over €500,000, they’re ok. Anyone foolish enough to grossly undervalue their house will leave their heirs with an unexpected bill.
FF/FG don't set the valuation. You do the valuation yourself.
Local Property Tax (LPT) is a self-assessed tax based on your own valuation of your property.
What is this nonsense? "You" as in a homeowner can't just "do" the valuation itself, you self declare alright, but if the home is worth a certain value, then that's what it's worth. Most people will know roughly what their home is valued at, and for one off builds, they are told to get their homes professionally valued.
Intentionally and purposely undervaluing a home comes with a stark warning from revenue, you probably already know this, if you don't, you shouldn't really be commenting and giving out information on things you aren't "au fait" with in my opinion.
Also as a retired person you can apply for exemptions
An exemption from LPT because one is retired? This is interesting, and will have thousands of retiree's living across the country in a state of bewilderment, and joy I suspect at reading more of dudley72 taxation advice and musings..
Can you provide a source for this useful nugget of information dudley72?
Course you can't. Why post such complete and utter nonsense on a public forum can I ask?
If your income is low you can defer payments until after you die and they will be paid for out of the wealth that you leave behind.
The makey uppey story makes no sense. Also as a retired person you can apply for exemptions
If you are a pensioner who got the family home off your parents and your neighbourhood is now trendy, you should be paying as much lpt as a person on a hundred grand or more a year? Doesn't seem fair.
Also I don't like the idea of property value being set by the gouging friends of FF/FG in the property business.
It is all buzz words. getting rid of the LPT will take money direct out of county councils, talk to any local town/village and they don't want a reduced tax they want more local amenities for themselves and their families. This is he exact opposite of what SF are going to do. So you will end up with county council having no money, play ground etc already created will turn to ruin again with no money to repair. Who's fault will it be then?
As Blanch points out everyone has to pay LPT, it covers all people with houses. It proves again Pearse and the rest of SF haven't a clue, they are all talk and behind it all they will end up screwing every person in Ireland apart from the millionaires who will be laughing if they get rid of it.
Now to address the tax bit once again.
If SF increase the tax rate for those earning over 100k or 140k, not a single penny extra will be paid by J.P. McManus, Denis O'Brien (your favourite) or Michael Smurfit.
If SF introduce a wealth tax, not a single penny extra will be paid by J.P. McManus, Denis O'Brien or Michael Smurfit.
If SF abolish the LPT, all three will pay less tax.
That is what you support, that is what you call for, own it. You are not interested in taxing the wealthy, you are interested in taxing those who work hard for a living. There is a huge difference.
In my view, it is time to increase the LPT rates.
Get it right, the fake propaganda in your posts is tedious. As we cancel PUP they are extending subsidised wages for those people who continued to work.
You made this up:
You are not interested in chasing the wealthy for more tax, you are interested in chasing high earners for more tax. Use the concepts better.
You support a government that thrives on supporting wealthy investment funds while the working tax payer struggles.
As we cancel PUP, they are announcing extending subsidised wages for businesses.
We need a change and it looks like SF are it.
Can't read that article, it is behind a paywall, and have never read it. I have long spoken of the failures of Sinn Fein's wealth tax ideas, certainly for more than a number of years.
You also don't understand the concept of wealth versus the concept of income. Someone who earns €200k for the first time ever this year and is renting an apartment is not wealthy. Someone who owns a €500k house outright but only earns €40k is wealthy.
I am interested in chasing the wealthy for more tax, that is why I support the LPT. The least wealthy in this country are those who are homeless or who only rent rather than own their own house. The LPT therefore is a tax on wealth and anyone who claims to want to chase the wealthy for more tax, but opposes LPT is a hypocrite. If you think I hate SF because they are a shower of hypocrites on this as on so many other issues, so be it.
Wrong again but I’m sure you know that.
I believe keeping the lights on is poor planning on the part of government re data farms.
We can think of wealthy people such as JP McManus..
I claimed your use of JP was from the Indo.
I'm of the opinion that you hate SF regardless of their policies. That's as personal as I got.
I gave you my opinion that chasing the wealthy for more tax was more fair than going after people in expensive homes via LPT as some people would be in an expensive home over and above their income. You've ignored that.
Please provide me with links to the Indo discussions about:
(1) Capital expenditure but no current expenditure for the Embassy in Palestine
(2) J.P. McManus being given a €0.5m tax rebate through SF's abolition of LPT.
Otherwise you are just spouting personalised rubbish again, and failing to engage with a substantive discussion on the lack of merit in Sinn Fein's budget proposals. It leaves me with an impression that you don't understand them.
SF's talk of getting rid of LPT is not that baffling, it's just politics and giving their base what they want to hear. A significant portion of their vote base is inner city types living in houses that are worth an absolute fortune. These people are very wealthy on paper, but may not have massive incomes. You will also have those who purchased former social housing at a fraction of the true value who are also very well off on paper.
I don't believe for a second the LPT will go anywhere in the end. They won't be able to afford to cut it with their proposed shopping list.
I can't change the opinion of someone who just follows a party PR line. Your comments on this are fresh from the pages of the Indo. It's pointless to try. You've a hate on for SF regardless.
I gave you my opinion which you seem to dismiss as a FG rant for some reason. I mentioned Enda Kenny in my closing line. Anyway, keep on trucking.
so 4 capital projects, 1 which is crazily over budget and costs are rising, 1 which was contributed in half if not more by the french, 1 should have been a much bigger scheme but they refused to fund it.
woop de do.
nothing compared to the amount of viable projects they refused to fund.
we got plenty of capital projects done, they were motor ways granted, but we got them done.
the tories have destroyed britain, they have and are continuing to dismantle the functions and systems of the country, they are a dangerous party.
It's great to see the people really want a United Ireland
This is what comes from the hate that the likes of SF are pushing
Lads, did SFs mad tax plans include pulling down the main tent pole of the economy?
Thank god they're not in government eh?
I have already explained why J.P. McManus and his friends will escape the SF tax loophole closing. International tax treaties are legally obliging.
Again, deflect to the government on the SF thread, but I have already pointed out two measures of stupidity in the SF budget. There are plenty more, such as the way that students are abandoned when it comes to accommodation, with no provision for them. Ooops, another mistake.
So you have absolutely zero to refute my analysis of the stupidity of Sinn Fein's tax proposals, other than some kind of FG rant. Once again, on the SF thread, discussing SF policies, and the response is something something FG something attack poster something something FG something.
Utterly predictable.
SF and FF fairly closely linked here. Scary to see how many FG supporters support partition.
https://twitter.com/NextIrishGE/status/1446435348192677921?t=4Es0iypMi-gexQSIy2hBhw&s=19
That's one aspect. Any proposals will have imperfections. But you're ignoring the vast proposals they have suggested on closing tax loopholes etc. What I have found hilarious is the scrutiny that one point will receive against SF versus the vast universe of insane policies and issues in the actual budget. Truly wonderful stuff!
So that's why you and the indo singled out poor JP. I suppose he hasn't been paying his subs to he party.
I believe they plan on tackling tax loopholes too. I think going after income is best. There are people in houses worth a hell of a lot of money with medium to low income. I don't think people should be penalised for it. Enda Kenny said it was 'morally unjust', but that was when he was pretending to have an ideology.
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