Local Property Tax: People on low incomes in wealthy areas being 'punished' | Newstalk

  • 📰 NewstalkFM
  • ⏱ Reading Time:
  • 29 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 55%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

People on lower incomes in wealthy areas are being 'punished' by the Local Property Tax, Richard Boyd Barrett tells PatKennyNT.

"The big issue is that we do have a dysfunctional housing market."It is the result of a Government policy, and - worth saying - a failing Government policy.

"But most crucially, huge numbers of people at the moment have seen their income cut in real terms because of rocketing inflation, prices of energy, general inflation, prices of basic goods."I just think it shows the fundamental unfairness of putting a tax on people's principal private residence".Deputy Barrett says people are being penalised for factors out of their control.

"It's of no real benefit to them, the fact that their property is worth a lot of money, but they are punished with this tax because of it.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 19. in PROPERTY

Property Property Latest News, Property Property Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Ask The Expert: All things property tax | NewstalkPodcast: Ask the Expert - All things property tax. Katie Clair, Head of Local Property Tax Branch with Revenue, joins PatKennyNT to take listeners' questions on property tax. With thanks to Standard Life. PatKennyNT Pat forgot to say that people struggling to pay their taxes could aways play the cashmachine.. One of the 1,730,000 Bauer media station listeners could win enough to cover winter fuel costs. Course the 99.673% will just be €70 a month poorer just playing once daily.. PatKennyNT Is it an appropriate idea to double tax second homes? An idea suggested in the UK.
Source: NewstalkFM - 🏆 19. / 55 Read more »

How does my brother assess tax on a right of residence?Q&A: Tax implications for both your brother and for those who will eventually inherit the property
Source: IrishTimesBiz - 🏆 6. / 77 Read more »

Vacant property tax in doubt as Revenue reports fewer empty homes than expected | Business PostAnalysis by Revenue revealed that levels of vacancy ‘are low across all counties’, leading the Minister for Finance to assess merits and likely impact of introducing such a tax Liars. They should look harder. As well as finding low levels of self-reported derelict and vacant homes, if you believe the official numbers there are no: - Rent increases above rent caps - Ghost bids by real estate agents - Misleading adverts by real estate agents - Short-term lets in RPZs
Source: businessposthq - 🏆 8. / 71 Read more »