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Landlords selling 2026

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Comments

  • Registered Users, Registered Users 2 Posts: 1,047 ✭✭✭DmanDmythDledge


    Plus there already is a credit for landlords, albeit it is negligible, but it does reduce the effective rate compared to say PAYE income/dividend income etc. It was a measure that did not have the desired impact though.



  • Registered Users, Registered Users 2 Posts: 96 ✭✭Aidensfield


    I was just reading up on the tax bands etc. It was interesting to see that others pay up to 52% also. I used to think folk said landlords pay 52% meaning that is actual tax was if you took into account the local property tax was not tax deductible and in the past the mortgage interest was also not deductible. I know this changed a bit in the past few years around 2017 0r 2018 i think depending on the type of tenancy The nppr tax from the past i honestly can't remember. Hard to keep up with it sometimes! Taxation was never my strong point important as it is. I usually leave it too my accountant and try not to think about it.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,107 ✭✭✭✭Bass Reeves


    There is other anomalies, when you pay PRSI as a LL its considered unearned income sonit cannot be used for PRSI benefits or as a qualificating credit for the OAP.

    There is situations whete upgrading your rental.propeet cpukd be considered an improvement and you might not be allowed to depreciate it

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 96 ✭✭Aidensfield


    Thanks. I just fitted a new kitchen a few weeks back and i was surprised to learn i could not claim against the cost in the yearly tax returns.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,107 ✭✭✭✭Bass Reeves


    Its capalised into value of the property for any future capital gain. Imagine any other business where certain wear and tear is not allowed against tax

    Slava Ukrainii



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  • Registered Users, Registered Users 2 Posts: 28,501 ✭✭✭✭drunkmonkey


    Why would they, I rent out in a tourist area, normal rent fixed term for the winter, good money for a few months in the summmer, depending what’s on €300/€400 a night and still get the use of the house when I want.
    No tax on the first €15,000 rental income and I’d let it long term to a family in the morning.

    52% tax on €15k rent, forget about it, I’d spend that on hotels with the kids, no incentive to rent it long term.



  • Registered Users, Registered Users 2, Paid Member Posts: 4,480 ✭✭✭TaurenDruid


    I presume that's directed at me?

    Where have I shown "hate and anger"? Point to a post.

    What I've done is say there are some **** landlords, and some **** tenants. You seem to be in denial about the former, or deflect or minimise it, and only highlight the latter. "Oh, the risk!" How many tenants actually default on their rent?

    According to this (2 years old, but also saying the number of landlords (not tenancies!) was increasing), there were 286,000 registered tenancies in 2024 - https://news.myhome.ie/renting/number-of-private-landlords-on-the-rise-33916

    It's hard to find data on the numbers defaulting on their rent, but I did find this: https://www.newstalk.com/news/rent-arrears-rises-by-100-households-in-one-month-1488888 - 1,181 behind on their rent, in 2023.

    Let's say things have gotten worse since. By 100%.

    That would mean 0.8% in arrears or fully defaulting on their rent.

    That's… not a high figure!

    But I can see both sides. Landlords aren't a charity, never said they were. People are entitled to make a profit. But some are gougers. Witness this, for instance: https://www.reddit.com/r/RentingInDublin/comments/1r90yf7/disgusting_greed_2100_pm_for_one_room/ €700/month for a bed in a room shared with two others? Really?!

    OTOH I've had the misfortune to live next door to a house rented out to **** tenants. Parties every night, football in the back garden at 3am on a schoolnight, took ages to evict, and they wrecked the place before going. No fun for anyone involved.

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  • Registered Users, Registered Users 2 Posts: 78 ✭✭Dublin_Anthony_2025


    maybe to keep tenants in housing and not having landlords selling up ?

    or why allow €14000 a year tax free for rent a room ? whats the benefit there then ?



  • Registered Users, Registered Users 2 Posts: 15,056 ✭✭✭✭Geuze


    It is not an expense.

    It is a capital allowance.



  • Registered Users, Registered Users 2 Posts: 927 ✭✭✭bored65


    That asset was bought with proceeds of earnings on which 52% was paid or inherited on which inheritance was paid

    That’s asset as many learned in 2008 can also lose 50% of its value like bitcoin did last month

    That asset is also subject to capital gains and stamp duty taxes on sale

    We are bad at a lot of things in this country, but revenue squeezing taxpayers for everything they have is not one of them



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  • Registered Users, Registered Users 2 Posts: 325 ✭✭MadeInKerry


    I see an article in the indo where louth coco have said they got a massive increase in eviction in the last

    https://www.independent.ie/regionals/louth/news/spike-in-notices-to-quit-as-louth-landlords-jump-ship-ahead-of-rental-reforms/a2106476602.html



  • Registered Users, Registered Users 2, Paid Member Posts: 22,107 ✭✭✭✭Bass Reeves


    You will have some poster on soon saying its a figment of .these councillors inagination.

    Slava Ukrainii



  • Registered Users, Registered Users 2 Posts: 325 ✭✭MadeInKerry


    Thats only council tenants on HAP etc. So there are bound to be far more who wont be sending a copy of their notice to the council.



  • Registered Users, Registered Users 2, Paid Member Posts: 22,107 ✭✭✭✭Bass Reeves


    Ya.

    Another anomoly I never realised that forbthe last 10 years since RPZ came in it was the HICP ( a european wide consumer price index) which ignores housing costs of those outside the rental sector as this is considered an investment. This kept rent increases for Irish tenants artifically low.

    Slava Ukrainii



  • Registered Users, Registered Users 2, Paid Member Posts: 4,480 ✭✭✭TaurenDruid


    Any investments I make in the stock market or commodities or investment funds are bought with proceeds of earnings on which 52% was paid, too?

    And inheritance tax carries an exemption of 400k.

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  • Registered Users, Registered Users 2 Posts: 927 ✭✭✭bored65


    33% CGT on stock, crypto, forex gains can offset losses

    38% on ETFs with 8 year reporting and deemed disposal headaches on these and no ability to offset losses

    52% on dividends from stocks etc

    There’s potentially more taxes if companies are in Ireland (stamp etc)

    This is why landlords are selling you get taxed less investing via something like a reit, with none of the hassle of managing tenants to whom the state can gift your asset

    The government is actively pushing investors out of property into foreign markets at a time when there is a rent crisis due to not many being mad enough to invest in a rental property in Ireland with all these ever changing laws



  • Registered Users, Registered Users 2 Posts: 2,472 ✭✭✭mrslancaster


    OTOH I've had the misfortune to live next door to a house rented out to **** tenants. Parties every night, football in the back garden at 3am on a schoolnight, took ages to evict, and they wrecked the place before going. No fun for anyone involved.”

    Perfect example of why landlords are fed up with the tenant bias in the system. Not only did those tenants cause issues for neighbours, they caused property damage which the landlord likely couldn’t recover. The RTB needs to speed up their dispute systems and fine dodgy tenants plus make them pay for any damage they cause. They fine and sanction dodgy landlords which is right but some tenants play the system and get away with it.



  • Registered Users, Registered Users 2 Posts: 5,878 ✭✭✭BlueSkyDreams


    Very true.

    The CSO found that 1 in 7 renters is in arrears during 2024. Thats not a small number.

    If landlords dont feel they are going to get paid, you cant really blame them for exiting the business.

    The system has to be fair to both renters and landlords, if you want to see participation that is.



  • Registered Users, Registered Users 2, Paid Member Posts: 2,335 ✭✭✭Thinkingaboutit


    RTB are utterly inefficient and the website for registration of tenancies, while improved, remains subpar. They have an institutional bias towards tenants no matter how slobby. A maximum 2% means a compliant landlord with stable tenancies will find his earning well stuck below the market rate. Costs from maintenance to mortgage are hard to cover. It creates a dis-incentive to stability and it becomes harder and harder for a legitimate operator. It's perfect for the unscrupulous (some of whom enjoy a form of institutional impunity).

    The new RTA's definition of a large landlord is nonsense and these six year rolling tenancies will likely result in the opposite of what they intend.

    Large scale investors aren't really interested in catering to lower income tenants.

    Honestly I think the current private tenancies system is set up to ensure a permanent housing crisis which politicians and their NGO best buds can make a pretence of fixing when they feel like it. It means a easy source for votes and unearned kudos.



  • Registered Users, Registered Users 2 Posts: 2,472 ✭✭✭mrslancaster


    Honestly I think the current private tenancies system is set up to ensure a permanent housing crisis which politicians and their NGO best buds can make a pretence of fixing when they feel like it. It means a easy source for votes and unearned kudos.


    It’s been their favourite crisis for a century. I read a few Dail debates from the 60s and 80s about rented housing and they were similar to current exchanges, same issues, we’re going round in circles. The quantity of legislation that’s been enacted, amended and repealed about housing, landlords, tenants and rent controls for a country with our size population is staggering and we still haven’t got the problems sorted. How countries with many many multiples of our population manage to house their citizens is a mystery 🤔



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  • Registered Users, Registered Users 2 Posts: 5,046 ✭✭✭Villa05


    I think both sides of the argument should understand the difference between bias and incompetence.

    Anyone that thinks the current system is biased towards tenants is not paying attention. Lack of action against problem tenants costs compliant landlords and tenants



  • Registered Users, Registered Users 2 Posts: 96 ✭✭Aidensfield


    Seen as we have been drifting off topic from day one you won t mind me saying the following. Just to say that the Pyrite remediation scheme is coming to an end this year in November, Don't hang around if you are affected.



  • Registered Users, Registered Users 2 Posts: 1,336 ✭✭✭Mr.Wemmick


    So how do the new reforms help rentals exactly when LLs are selling off property left right & centre? Less rentals available.
    You’d wonder if new rules are part of a deliberate intent to disabled the hold small private LLs have on the market. No replacements rentals are coming on to the market, so why then? Consider me baffled.

    If rules were needed to curb unscrupulous LLs that would have been easy to do without potentially gutting the market.

    ”I hate who steals my solitude without, in exchange, offering true company.” - F. Nietzsche



  • Registered Users, Registered Users 2 Posts: 1,590 ✭✭✭Emblematic


    Via another thread on Boards,

    Only 58 new houses bought by ordinary buyers in Dublin City last year.

    The article is about how we don't really know how many houses are built in the country. 36,284, based on electricity connections, is probably an overestimate, whereas the BCMS figure of 30,000 is likely an underestimate. But even if you pick the lower figure, and you then that means that only 58 houses and 150 apartments out of 4,521 built in Dublin City were bought by ordinary buyers. That's about four percent.

    So you can see why the Government is getting tough on landlords of various types who pay to wedge themselves between a property and potential residents of that property in order to provide low-security accommodation at sky-high prices.

    Either accept the new rules, or get out and free up the property for people to start families. Continuing as it has been is no longer not an option for the Country.

    Post edited by Emblematic on


  • Registered Users, Registered Users 2 Posts: 325 ✭✭MadeInKerry


    They are getting out. And fast. So no need to worry about that. Its exactly what is happening. Councils and AHBs are buying up most of the new houses. They are even making deals with large landlords to lease them from the large landlords and funds for 25 to 30 years even before they are bought. There is no room for small landlords anymore and they know this now so they are leaving.



  • Registered Users, Registered Users 2, Paid Member Posts: 4,480 ✭✭✭TaurenDruid


    Do you have a link for that 1 in 7 CSO figure? I've linked to what I could find above, and the figure was only 0.4% (which I doubled to 0.8%. That's a big discrepency.

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  • Registered Users, Registered Users 2 Posts: 1,590 ✭✭✭Emblematic


    That is good news then surely, if it is mainly councils and AHBs as they offer affordable rents and long-term security to tenants? But do you have any figures for this?



  • Registered Users, Registered Users 2 Posts: 5,878 ✭✭✭BlueSkyDreams


    Its not good news if you earn an average salary or above and dont qualify for social housing.

    The private rentals you could afford are dissapeared into social housing that you can also afford but do not qualify for.



  • Registered Users, Registered Users 2, Paid Member Posts: 2,335 ✭✭✭Thinkingaboutit


    They are biased against landlords, but their incompetence is such that it's of little use to tenants good or bad.

    There's a case for raising the threshold for social housing, but among the problems is that this country simply cannot hope to build the amount that might be needed and still meet private demand. It's part the lack of workers, but it's also a truly terrible sclerotic planning system. The vast social housing building campaigns of the past that saw slum dwellers rehoused in quality apartments in Dublin City or in individual suburban houses in Crumlin, if money and workers were at issue, cannot happen the way planning is now. ABP was renamed to dissipate some of the toxic reputation, but the new body seems similar.



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  • Registered Users, Registered Users 2 Posts: 325 ✭✭MadeInKerry


    Oh im sure its great if you are in a rent controlled place with low rent, or qualify for a council house or an AHB property. IF you are looking to move or even arrive in the country to rent or move out of your parents house, then I guess its tough luck you since everyone else is just fine. None of them would want to be even thinking of moving ever again though.



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