Housing minister signals increase to rental tax credit in Budget
Housing minister signals increase to rental tax credit in Budget
Darragh O’Brien also said the Government is projecting that more than 30,000 new homes will be built this year.
So him and his friends can charge more rent and have the rest of us* pay for it. Is anything actually being done to bring prices down?
*I’m not currently paying tax in Ireland, but I’m still pissed off.
His landlord friends can charge what the market permits. Rent pressure zones aren't working. Lately, more new builds (mostly not affordable homes), build to rent and cost rental homes are starting to appear on the market which should bring down demand for, and cost of, rental. Nowhere near enough. Tax breaks might result in more properties being available for rent which will be a factor the cost of renting. But right now, in the current rental market, these tax changes for landlords with only have the effect of increasing the profits of landlords including possibly 80 out of 220 TDs and senators.
Edit: spelling