“The draconian retrospective restriction on capital allowances in Budget 2011 was both unexpected and unwelcome,” writes Ernst & Young partner Jim Ryan.
Posts Tagged ‘Property’
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.
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.
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.
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.