INVESTMENT TAXES
Local authorities can expect to gain almost €100m more in annual revenues from a proposed increase in tax on holiday homes and investment properties, according to The Sunday Business Post.
Tag: Property
INBS & ‘FINGERS’
For long periods he has managed to fly below media radar, trained on his former financial colleagues Sean Fitzpatrick and David Drumm. But it appears the guns are now being firmly pointed once again on Michael Fingleton.
SECTION 23 RELIEF & THE FINANCE BILL
Tax and property experts believe the current proposals to scrap tax relief on Section 23 properties will never see the light of day in its present form, The Sunday Business Post reports.
BUY & SELL YOUR PROPERTY
In what surely is a sign of these straitened times, Buy & Sell, the classified advertising magazine and website, is to launch a cut-price DIY package for those looking to offload their properties.
NEW POSTAL CODES
Those of us old enough to remember the furore caused by the creation of 6W will know the amount of media hot air likely to be generated later this year when the new national postal code system is scheduled to make an appearance.
53% PROPERTY CRASH
Dublin’s property market has now fallen 53% since its peak – a new European record for the worst property crash of modern times, according to The Sunday Times, which quotes new figures released by Sherry Fitzgerald.
SECTION 23 MELTDOWN
The unheralded changes to Section 23 tax reliefs in Budget 2011 have provoked an angry response from landlords, many of whom now face hefty tax bills next year, The Sunday Business Post reports.
PROPERTY BASED CAPITAL ALLOWANCES
“The draconian retrospective restriction on capital allowances in Budget 2011 was both unexpected and unwelcome,” writes Ernst & Young partner Jim Ryan.
CRYSTAL PROPERTY FUND
Friends First, the life and pensions provider, has confirmed around 133 investors in its Crystal Property Fund have seen their entire €40m investment wiped out, according to The Sunday Business Post.
BUDGET 2011 PROPERTY TAX
The flat-rate property tax for 2012 announced in the national plan last week will have to be paid on top of the €200 already liable for those who own a second property, The Sunday Business Post reports.
PTSB & INVESTMENT PROPERTIES
Residential property prices look set to tumble yet further following a demand from Permanent TSB to thousands of buy-to-let borrowers on their books to begin paying off in full their mortgages on investment properties.
COMMERCIAL UNDERTAKINGS
The Council of the Law Society has recently agreed new regulations to prohibit the giving of commercial undertakings by its members. The new regulations will come into effect on 1 December 2010.
CIF TAX COMPLIANCE
The Construction Industry Federation (CIF) of Ireland is trying to tackle the rise of the black economy in the building trade by calling for tax-compliant certification for all state building grants.