Rental income may become liable for PRSI after Budget
Minister for Social Protection Joan Burton has confirmed that proposals are being considered for next month’s Budget to make profits from dividends and rental income liable for PRSI. She said between...
View ArticleESB Pension Fund transfers investment properties to IPUT
The ESB Pension Fund has transferred ownership of €70 million worth of investment properties to IPUT (Irish Property Unit Trust), according to a report in today’s Irish Times. Under the new arrangement...
View ArticleSavills sell State Street HQ for €108 million
Savills have announced the sale of the State Street building on Dublin’s Docklands for €108 million. The eight-storey headquarters and adjacent three acre site at 78 Sir John Rogerson’s Quay in south...
View ArticleProperty tax may be able to be deducted from tax returns
Property investors and landlords will be able to deduct the new Local Property Tax from their rental income when filing a tax return. At present the non-principal private residence (NPPR) tax and the...
View ArticleRent does not cover mortgage for almost half of all landlords
Almost half of landlords of houses and apartments do not receive enough rent to cover the interest on their mortgages. The finding is as a result of an academic study of survey of 493 buy-to-let...
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What tax do I pay on rental income?
Residential property investment is a business, and like any business is liable to taxes including: Income tax on rental income Stamp duty on property purchase Capital Gains Tax (GCT) on disposal The...
View ArticleEnhanced tax relief for landlords who rent to social tenants available from...
Landlords who rent to social housing tenants will from today be entitled to enhanced tax reliefs. The new scheme will allow property owners who rent to tenants in receipt of rent supplement or the...
View ArticleEnhanced tax relief for landlords who rent to social tenants available from...
Landlords who rent to social housing tenants will from today be entitled to enhanced tax reliefs. The new scheme will allow property owners who rent to tenants in receipt of rent supplement or the...
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