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Local Property Tax Increases

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Comments

  • #62
    Orion
    Closed Accounts Posts: 12,807 ✭✭✭✭Orion


    I see now - you're completely missing the point - deliberately. I think I'll just stop engaging with you.


  • #63
    ghostdancer
    Registered Users, Registered Users 2 Posts: 6,539 ✭✭✭ghostdancer


    lleti wrote: »
    A lot of whinging about LPT being increased.

    You're benefitting from the house prices increasing so you can't be complaining.

    how am I benefiting from house prices increasing? they literally make zero benefit to my life.


  • #64
    Seth Brundle
    Moderators, Politics Moderators Posts: 40,286 Mod ✭✭✭✭Seth Brundle


    It prices the riff raff out of your estate! :D


  • #65
    lleti
    Banned (with Prison Access) Posts: 271 ✭✭lleti


    ghostdancer wrote: »
    how am I benefiting from house prices increasing? they literally make zero benefit to my life.

    When you're 60 and want to downsize you'll be able to sell and you'll be liquid then.


  • #66
    L1011
    Registered Users, Registered Users 2 Posts: 69,530 ✭✭✭✭L1011


    anewme wrote: »
    Sorry my typo, the new valuations are coming Nov. 2020!

    LPT was brought in when property was at low enough valuation (my value was halved) so I think many people will see a significant increase.

    Just looked at mine there and it will jump at least 3 if not 4 bands and I've done no major renovations.

    Its been stated and restated that the actual rate - currently 0.18% of the midpoint of the band if value is under 1M - will be cut significantly at the time of revaluation as well as the bands widened. The announcement of the revaluation date included this.

    Its likely that this will happen; which should eliminate the valuation increase for most people; unless your house has had an abnormal increase or had an abnormally low value at the original valuation date. Mine falls in to the latter, I'd be up 3 in the current bands


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  • #67
    ted1
    Registered Users, Registered Users 2 Posts: 23,648 ✭✭✭✭ted1


    lleti wrote: »
    Housing is an asset, particularly in Ireland used to grow wealth.

    I'm renting a house that's seen my landlord get an increase of 25% over the last number of years. Delighted they'll be getting hit for something!
    That’s an investment property. Very different. So different that I believe the tenant should pay for local services via the LPT or a council tax.

    Also his wealth hasn’t grown, Till he sells. And then what had grown is hit with Capital Gains Tax. Did you forget about the little tax?


  • #68
    ghostdancer
    Registered Users, Registered Users 2 Posts: 6,539 ✭✭✭ghostdancer


    lleti wrote: »
    When you're 60 and want to downsize you'll be able to sell and you'll be liquid then.
    well that's 30 odd years away, so again, it is of zero benefit to me.


  • #69
    tjhook
    Registered Users, Registered Users 2 Posts: 747 ✭✭✭tjhook


    lleti wrote: »
    I'm renting a house that's seen my landlord get an increase of 25% over the last number of years. Delighted they'll be getting hit for something!

    I empathise with your pain - it's not easy when the cost of putting a roof over your head is increasing more and more.

    But there's not much to be gained by lashing out at those who are paying a mortgage. The government milks the middle classes as much as it can, but not to the extent that you're advocating throughout this thread. Many home owners paid huge stamp duty back in the day, VAT and levies on the property, and now the annual home tax. And that's all from income already exposed to income tax (at a 52% marginal rate!). There's no government that will do what you're saying. Not if it wants to be elected.

    You need to discriminate between those who are causing the problem, and those who are doing what they can to avoid the problem. Save your ire for the former.


  • #70
    lleti
    Banned (with Prison Access) Posts: 271 ✭✭lleti


    tjhook wrote: »
    I empathise with your pain - it's not easy when the cost of putting a roof over your head is increasing more and more.

    But there's not much to be gained by lashing out at those who are paying a mortgage. The government milks the middle classes as much as it can, but not to the extent that you're advocating throughout this thread. Many home owners paid huge stamp duty back in the day, VAT and levies on the property, and now the annual home tax. And that's all from income already exposed to income tax (at a 52% marginal rate!). There's no government that will do what you're saying. Not if it wants to be elected.

    You need to discriminate between those who are causing the problem, and those who are doing what they can to avoid the problem. Save your ire for the former.


    Like it or not you are becoming more wealthy by owning a home, which increases in value.

    My money each month will never be seen again. Yours will in the terms of one day finishing the mortgage and owning the house outright.

    I'll not say anymore on the topic, apart from a reply to another poster.


  • #71
    lleti
    Banned (with Prison Access) Posts: 271 ✭✭lleti


    ghostdancer wrote: »
    well that's 30 odd years away, so again, it is of zero benefit to me.

    You sound like someone who thinks landlords should be able to use their mortgage payments against their tax because it'll be 30 years before the mortgage is paid back.


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  • #72
    ted1
    Registered Users, Registered Users 2 Posts: 23,648 ✭✭✭✭ted1


    lleti wrote: »
    Like it or not you are becoming more wealthy by owning a home, which increases

    Prices are dropping at the moment. , many still have recovered to pre 2008 prices. Many people paid large stamp duty when they bought before LPT


  • #73
    ghostdancer
    Registered Users, Registered Users 2 Posts: 6,539 ✭✭✭ghostdancer


    lleti wrote: »
    You sound like someone who thinks landlords should be able to use their mortgage payments against their tax because it'll be 30 years before the mortgage is paid back.
    ok, no idea what that has to do with anything, or what relevance it has to my posts.
    You said I benefit, I don't. You have been unable to show any tangible benefit to me or my life. There are clear, quantifiable negatives.


  • #74
    lleti
    Banned (with Prison Access) Posts: 271 ✭✭lleti


    ghostdancer wrote: »
    ok, no idea what that has to do with anything, or what relevance it has to my posts.
    You said I benefit, I don't. You have been unable to show any tangible benefit to me or my life. There are clear, quantifiable negatives.

    Not all benefits are seen right away.


  • #75
    Joe Public
    Registered Users, Registered Users 2 Posts: 1,783 ✭✭✭Joe Public


    lleti wrote: »
    Not all benefits are seen right away.

    That clears it all up :rolleyes:


  • #76
    daheff
    Registered Users, Registered Users 2 Posts: 5,898 ✭✭✭daheff


    lleti wrote: »
    A lot of whinging about LPT being increased.

    You're benefitting from the house prices increasing so you can't be complaining.

    you only benefit if you can sell your property at a higher price than you bought AND can buy a similar property (or better) for less. Otherwise you dont benefit.


  • #77
    Leg End Reject
    Registered Users, Registered Users 2 Posts: 17,526 ✭✭✭✭Leg End Reject


    Got the letter from revenue today confirming the increase. I just checked what my payment will be when property prices have to be updated next year, it'll be a fair jump. :(
    https://forumofgames.com/index.php




  • #78
    L1011
    Registered Users, Registered Users 2 Posts: 69,530 ✭✭✭✭L1011


    Leg End Reject wrote: »
    Got the letter from revenue today confirming the increase. I just checked what my payment will be when property prices have to be updated next year, it'll be a fair jump. :(

    The rate will almost certainly be cut to make the jump less significant - the main extra income will come from new houses built since 2013 that are all currently paying nothing. That is unless there is a new Government with a funding crisis
    *and* a solid majority with no expectation of an election for five years


  • #79
    anewme
    Registered Users, Registered Users 2 Posts: 12,020 ✭✭✭✭anewme


    if the Govt change the rate Bands, then it will apply to all.

    If any of those Kildare Coucillirs knock on my door, they will get short shrift.

    Trying to pull the wool over people's eyes, "no need to log the votes". Hmmmm. I wonder why?


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