dxhound2005 wrote: » Some possible good news for landlords on the property tax front, since they have been abandoned by the CAHWT. (We will not be defending landlords with portfolios of properties). (http://www.independent.ie/business/irish/buytolet-investors-will-be-allowed-to-file-property-tax-as-expense-3357475.html Also I see the United Left Alliance may be becoming a bit less united. Remember the time when Clare and Joe were the headline speakers at CAHWT functions up and down the country?http://www.irishtimes.com/newspaper/ireland/2013/0121/1224329103851.html
PROPERTY investors will be able to deduct the property tax from their rental income when filing a tax return. The move could ease the burden on buy-to-let investors, many of whom are struggling to meet mortgage repayments.
bgrizzley wrote: » fcuking hell, they sure know how to add insult to injury to us ordinary folk
dxhound2005 wrote: » I'd say Sinn Fein should be happy with this. Their government in the North does something similar for landlords.
bgrizzley wrote: » so basically they roped in a pile of homeowners by lumping them in with landlords and then they announce that the landlord basically can claim on the payment that they have already added on to their tenants!!!!What a bunch of scumbags...
dxhound2005 wrote: » The way I read it is that the amount they pay in property tax can be taken into account when their rental income is being assessed for income tax. You probably know that this is the last year for NPPR as well.
Bishop_Donal wrote: » Department of Finance confirmed today that this is an incorrect interpretation by media sources. The payment will not be tax deductible for landlords anytime soon.
bgrizzley wrote: » feck, i was just drawing up the rental agreement for the wife. Welcome back there Donal, we missed you...
MadYaker wrote: » Its only struck you now eh? I hate to ruin your eureka moment but that must be the 500th time somebody has used those quotes in this series of threads. Its really losing its effectiveness at this stage. Can you not come up with something new?
Bishop_Donal wrote: » Did I miss much?:rolleyes:
bgrizzley wrote: » yea, the yes side have all but given in...
Bishop_Donal wrote: » & the no side are still 'given' out!!
Ghandee wrote: » Well then, you fall into this category. When you, by your own admission are 'anti hhc and anti property tax' but you might wanna take a seat and brace yourself for this shocking news.Registering and paying is not usually considered a good way to show you're 'anti hhc'. Even the folks who've refused to register, yet not attended a protest March have did something. The harsh reality that the folk who are yet 'are anti tax' like yourself, are hypocritical.
donalg1 wrote: » I might fall into this category ghandee but at least I wasn't in here pretending to be protesting.
The Revenue is responsible for compliance and the proposals envisage it seeking to deduct unpaid tax at source from non-compliant taxpayers. For self-employed people, failure to pay will see the Revenue refusing to issue a tax clearance certificate. If tax is still unpaid, a charge will be put on the property, ensuring it cannot be sold or transferred to new owners without being settled.
Ghandee wrote: » No, maybe not. 'pretending to be anti-hhc and anti-property tax' is a more honest approach, its that what you're telling me?
MadYaker wrote: » Hahaha that a great photo but unfortunately its not really relevant to anything I'm trying (and failing) to say.
darkhorse wrote: » Why is it not relevant. You were talking about tax which the government wants to take from us. Mr Noonon is the Finance Minister. The photo shows him giving us the two fingers. So I think it very relevant, and I'm sure I am not alone.
donalg1 wrote: » Who's pretending ghandee.
donalg1 wrote: » I think its the ones that are banging on about protests and mass unrest that are the experts on pretending.
donalg1 wrote: » How did today's protests go or was it just another day talking about it here. Ah well sure there is always tomorrow.
MadYaker wrote: » http://www.irishtimes.com/newspaper/ireland/2012/1207/1224327610536.html Good info about the property tax there. In regards to non payment: .
MadYaker wrote: » My point was that increasing income taxes leads to a sharper decline in consumer spending when compared to introducing new charges that don't directly affect peoples net pay, even if disposable income is the same either way.