Changes to landlord tax treatment in next budget must be 'approached with caution', McGrath says

FINANCE MINISTER MICHAEL McGrath has said that any changes to the tax treatment of landlords in Budget 2024 must be “approached with caution”.

“Lots of people need to rent for lots of different reasons. And for that reason, we need landlords. The State is a landlord to providing social housing and cost rental institutions and also small landlords as well,” the Taoiseach said. It states that “the improved tax treatment of rental income for private landlords could be introduced and there is a case for linking this to more secure occupancy for tenants”.However, McGrath has warned that any changes to the tax treatment of landlords needs to be targeted to ensure it has the intended effect.

McGrath added that any decision on additional tax relief for landlords would not be made until Budget 2024 in October.

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