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.
Posts Tagged ‘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.
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.
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.
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.