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.
Posts Tagged ‘Property’
Developers are still sitting pretty according to reports in a couple of the papers. “Builders get Nama pay deal” in The Sunday Times reports that the top 10 developers – who owe billions to the state and whose assets have transferred to Nama – will be allowed to pay themselves up to €200,000 salary a year and hold on to their homes while their property assets are worked out over the next five to 10 years.
It’s over. The Irish love affair with property ownership is coming to an end and in future people will rent rather than buy, according to a new book by Gerard O’Neill, the chairman of market research company, Amarach.
The Revenue is targeting Irish owners of foreign investment properties who are now disposing of them to bolster their depleted cash reserves, The Sunday Business Post states.
The retrospective abolition of upward-only rent contracts still remains a roadblock to growth in the retail sector, according to Retail Excellent Ireland (REI).