The question for the State is how to get every habitable housing unit occupied. That's what taxation policy should be aimed at. If a landlord sells their rental unit there's still going to be someone living in it.Had they extended the rent-a-room scheme to include it I would for sure rent it out.
The problem with taxes generally is that they're easy to game.Taxing vacant and under utilised housing units is a better form of social engineering than giving tax breaks to landlords to stay in the market.
That's a bit mad. The last serious endeavour to give tax breaks to landlords, the various Section 23 schemes, provided a huge volume of badly-needed housing which today house vast numbers of people.Giving the same tax breaks to landlords makes no sense as it doesn't house more people.
I agree, but property taxes are less easy to game and they don't act as a disincentive to work.The problem with taxes generally is that they're easy to game.
Don't like paying income tax? Don't work.
Don't like paying VAT? Pay cash.
Don't like paying CGT? Hold on to all your assets til you die.
Don't like your children being lumbered with CAT? Postpone gifts until they're old and more affluent.
It also contributed significantly to the crash. I owned a Section 23 apartment and it was great but we live in different times and the money fuelling the current affordability problems we have is not coming from the domestic economy. Lack of money isn't what's causing out housing shortage, a lack of labour is the main driver, along with the incompetence and inefficiency of the State. Therefore giving more money to anyone other than those directly working in the construction sector doesn't help the problem.That's a bit mad. The last serious endeavour to give tax breaks to landlords, the various Section 23 schemes, provided a huge volume of badly-needed housing.
I agree, but property taxes are less easy to game and they don't act as a disincentive to work.
"We had a crash so never should build housing again because property development is financially risky" has been the governing philosophy in Ireland for 15 years now.It also contributed significantly to the crash.
And what happens the self-employed ones?An extra PAYE allowance for Bricklayers, plumbers, plasterers, scaffolders etc, now that would actually help.
I had a reply written to that but we've pulled enough threads off topic between us.Property taxes are very easy to game. The easiest way to game them is to depend on the State to house you.
"We had a crash so never should build housing again because property development is financially risky" has been the governing philosophy in Ireland for 15 years now.
It's going very well.
They pay PRSI too, as far as I know.And what happens the self-employed ones?
No need to take anything off-topic though. "We had a crash so never again should ever incentivise the creation of housing" and any genuine rebuttal of that is hardly off topic when the topic is "Landlord incentives"I had a reply written to that but we've pulled enough threads off topic between us.
I didn't say that and don't agree with it. I was making a different point."We had a crash so never again should ever incentivise the creation of housing"
Oddly enough when another tech giant wants to open or expand here, we don't tell them to wait until we think we've enough available workers in whatever location they choose.If we want to incentivise the building of housing we should look to aid in the provision of the resource that is in the shortest supply and that is labour.
Oddly enough when another tech giant wants to open or expand here, we don't tell them to wait until we think we've enough available workers in whatever location they choose.
Had they extended the rent-a-room scheme to include it I would for sure rent it out.
If the State stopped taxing my income I could buy a few apartments and rent them out. Now there's a solution I could get behind!So basically income would need to be pretty much tax free for you.
I don't think that is unusual to be honest.
The rent a room scheme is in my opinion very generous. It's also for a different purpose, to increase the number of people per dwelling.
It would be very difficult to apply a stick in such situation so a bigger carrot is needed. A stick would need to be a vacant room tax.
Yes it is very very generous. Whereby a tenant in social housing is allowed to avail of this. Now that a vacant homes tax has been introduced it is only a matter of time before a vacant bedroom tax is.So basically income would need to be pretty much tax free for you.
I don't think that is unusual to be honest.
The rent a room scheme is in my opinion very generous. It's also for a different purpose, to increase the number of people per dwelling.
It would be very difficult to apply a stick in such situation so a bigger carrot is needed. A stick would need to be a vacant room tax.
No, it really isn't. Certainly not directly, but perhaps property taxes should be higher and act as a greater incentive for people with more space than they require to downsize.Now that a vacant homes tax has been introduced it is only a matter of time before a vacant bedroom tax is.
Yes property taxes should be for all. To include those living in social housing which is already heavily subsidised and when they have spare capacity can avail of up to €14,000 pa.No, it really isn't. Certainly not directly, but perhaps property taxes should be higher and act as a greater incentive for people with more space than they require to downsize.
And it should be significantly higher than it is currently.Yes property taxes should be for all. To include those living in social housing which is already heavily subsidised and when they have spare capacity can avail of up to €14,000 pa.
Right-sizing social housing would be better, but is something the LAs / government don't seem to be interested in tackling.Yes property taxes should be for all. To include those living in social housing which is already heavily subsidised and when they have spare capacity can avail of up to €14,000 pa.
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