Question about property tax

Lawrence1895 · 17-02-2011 07:24PM #1

Maybe one of the most stupid questions ever asked on Boards.ie...but it is wrecking my head for days now.

I heard, FG (I suppose, they come into government) want to introduce a Property Tax.

If I'm already wrong at this stage, please tell me

Anyway, how would this affect me as somebody who rents a house? Can my landlord just put up my rent by an amount of his choice?

Don't even know, how much the Property Tax would be.

Thanks for your help anyway.

grrrrrrrrrr · 17-02-2011 07:27PM

Ah sorry Gerry.., but your in Louth not Dublin

Jimmy the Wheel · 17-02-2011 07:29PM

You must have misheard. It's actually a Properly Tax.

People will be taxed for not doing things properly.

-Newspapers in the brown bin? Tax

-Malapropisms? Tax

-Misunderstanding new taxes? Tax

etc.

Hope this helps.

Lawrence1895 · 17-02-2011 07:31PM

grrrrrrrrrr wrote: »

Ah sorry Gerry.., but your in Louth not Dublin

A good sense of humor you have there

But I would also appreciate some more serious answers

galwayrush · 17-02-2011 07:32PM

A property tax would affect your landlord as far as i know..
which in turn could affect you as he passes the charge on .

Ruu_Old · 17-02-2011 07:35PM

If it is something along the lines of property tax in the USA then it might affect you, as your landlord would pay property tax based on the value of the home(s).

Ghost Estate · 17-02-2011 07:35PM

Lars1916 wrote: »

I heard, FG (I suppose, they come into government) want to introduce a Property Tax.

FG is the only party who are against property tax. Labour, FF and possibly the Shinners want this

Yes the landlord can pass it on to you but I think a lot of people are hedging their bets on that they're a good enough tenant that the landlord will swallow the cost.

Can't stand the idea of property tax myself, paying a recurring tax on something you buy once. Particularly not the family home

Things are so bad they want to give everyone a 500-1000 euro fine for owning a brick box? ridiculous.

Lawrence1895 · 17-02-2011 07:39PM

Ruu wrote: »

If it is something along the lines of property tax in the USA then it might affect you, as your landlord would pay property tax based on the value of the home(s).

Interesting...'the value of the home'. How would this be decided? The house I'm living in was built in the 1960s, has got single glazed windows and is...erm...a bit oldish

Ghost Estate · 17-02-2011 07:46PM

Lars1916 wrote: »

Interesting...'the value of the home'. How would this be decided? The house I'm living in was built in the 1960s, has got single glazed windows and is...erm...a bit oldish

i think they wanted to do a site valuation tax, where they put the tax on what its worth as a building site, not the structure thats on it. because that would encourage making one's house shoddy

Lawrence1895 · 17-02-2011 07:50PM

Ghost Estate wrote: »

i think they wanted to do a site valuation tax, where they put the tax on what its worth as a building site, not the structure thats on it. because that would encourage making one's house shoddy

It doesn't look shoddy, and I would not bother going this way. But still, a newly refurbished house is taxed the same rate as a house, which has old windows and therefore more costs on heating for example? Just because the building site is the same?

AckwelFoley · 17-02-2011 07:51PM

i assume if you have a rental agreement at a set price for a particular period.. then the LL is **** out of luck.

If you and your LL dont have tennency agreement technically yiz are breaking the law, but the reality is there are many that dont - anyhow in this instance you are more open to immediate increases, however if you are a good tennant and your LL is smart he will absorb the tax, it wont be alot, as it stands its 500 euro, which is a tenner a week

Ghost Estate · 17-02-2011 07:54PM

Lars1916 wrote: »

It doesn't look shoddy, and I would not bother going this way. But still, a newly refurbished house is taxed the same rate as a house, which has old windows and therefore more costs on heating for example? Just because the building site is the same?

They don't care or look at the building. Its the ground they tax

How much an acre of building site in your area is worth. Doesn't matter if its a brand new McMansion, a thatched cottage, a shack, or nothing at all on the site.

Look I know its a bonkers idea, they are getting desperate, they already milked people with an income for what they're worth, now they are wanting to milk people who merely have an asset whether they are earning money or not.

Sticky_Fingers · 17-02-2011 07:57PM

Ghost Estate wrote: »

Things are so bad they want to give everyone a 500-1000 euro fine for owning a brick box? ridiculous.

And don't forget many people have already paid a property tax through stamp duty, this country is a joke.

Caoimhín · 17-02-2011 08:00PM

galwayrush wrote: »

A property tax would affect your landlord as far as i know..
which in turn could affect you as he passes the charge on .

The landlord can only increase the rent if it is agreed in a new contract. A property tax would not be covered in a utilities bill clause in the old contract.

AckwelFoley · 17-02-2011 08:00PM

Sticky_Fingers wrote: »

And don't forget many people have already paid a property tax through stamp duty, this country is a joke.

Stamp duty is not a property tax.

Stamp duty is a transaction tax ...

yea i know, its still like a tax on property but not..

Ghost Estate · 17-02-2011 08:01PM

Sticky_Fingers wrote: »

And don't forget many people have already paid a property tax through stamp duty, this country is a joke.

at least with that you pay it once when you can afford it. this is something they want to pile on top of people who are already struggling.

i know a lot of countries do have property tax but at least you get something in return for it rather than paying back mountains of private debt back to the EU. or else they have lower income tax.

epgc3fyqirnbsx · 17-02-2011 08:02PM

The only reason we dont have property tax is that it was seen as abhorrent at the foundation of the state due to our hitory of landlords
Most European countries have this tax and I heard an average that I think was at 15% of tax receipts
So considering that we have a relatively low income tax rate we're damn lucky not to have this tax too and I bet many of our neighbours are wondering why we dont

Anyway, it's not their business, I'd prefer a couple of extra points on income tax to the introduction of property tax tbh

flutered · 17-02-2011 08:03PM

Sticky_Fingers wrote: »

And don't forget many people have already paid a property tax through stamp duty, this country is a joke.

this country is not a joke, what happened is the gomgreens propped up the fcukin ff while they raped my country, for this i will never forgive and definetley never forget.

Lawrence1895 · 17-02-2011 08:03PM

snyper wrote: »

i assume if you have a rental agreement at a set price for a particular period.. then the LL is **** out of luck.

If you and your LL dont have tennency agreement technically yiz are breaking the law, but the reality is there are many that dont - anyhow in this instance you are more open to immediate increases, however if you are a good tennant and your LL is smart he will absorb the tax, it wont be alot, as it stands its 500 euro, which is a tenner a week

I signed a new one year lease with fixed price a few weeks ago, looks like, I'm off the hook...for 11 months

But anyway, I suppose, rents will go up, should this tax be introduced? Some poor landlords have to absorbe the costs somehow :mad:

Sticky_Fingers · 17-02-2011 08:06PM

snyper wrote: »

Stamp duty is not a property tax.

Stamp duty is a transaction tax ...

yea i know, its still like a tax on property but not..

They can call it what they like, we're getting surprise sexed by the government once again.

Mike 1972 · 17-02-2011 08:12PM

Rosa Substantial Tummy wrote: »

The only reason we dont have property tax is that it was seen as abhorrent at the foundation of the state due to our hitory of landlords

Wasnt there a property tax called "domestic rates" until the late 1970's

epgc3fyqirnbsx · 17-02-2011 08:54PM

Mike 1972 wrote: »

Wasnt there a property tax called "domestic rates" until the late 1970's

Seems there was, my mistake, that's what I had been led to believe

AckwelFoley · 17-02-2011 08:57PM

Rosa Substantial Tummy wrote: »

Seems there was, my mistake, that's what I had been led to believe

Ah nobody paid it.

I think it was that tax or the one the brits put on us there was a clause defining a house as a structure with a chimney...

so paddy knocked off the chimney.. no tax due

Caoimhín · 17-02-2011 09:15PM

snyper wrote: »

so paddy knocked off the chimney.. no tax due

It was only paid if there was a roof on the house. So paddy knocked the roof off. Thats why so many of the old big houses have no roof.

Question about property tax

Comments