RENTAL PROPERTY

The budget for 2011 was held on 7th December 2010 and announced huge changes for investors with regard to section 23 property reliefs and accelerated capital allowances. The Finance Act 2011 has since been published and has announced that the changes proposed had been put on hold for a year to assess their impact. These … Read more ABOLITION OF SECTION 23 PROPERTY RELIEFS

For a landlord who is renting out a residential home or an individual who is contemplating moving into the residential rental sector, it is is important that they are aware of their rights and duties. The same applies to tenants and would be tenants. The 2004 Residential Tenancies Act sets out the rights and duties of … Read more LANDLORDS & TENANTS RIGHTS AND DUTIES

The PRTB was established in September 2004 with the enactment of the 2004 Residential Tenancies Act Its role is three fold:   1) To set up a register of all private residential tenancies in the state 2) To act as a mediator in disputes between registered landlords and tenants 3) To provide policy advice to the government … Read more PRIVATE RESIDENTIAL TENANCIES BOARD (PRTB)

Revenue are investigating sales of overseas property by irish residents according to the Sunday Business Post. If you have investment property in Ireland or abroad, it is worthwhile spending some time checking that you are tax compliant. For tax purposes it is necessary to keep a record of all rental income received and all expenses … Read more RENTAL INCOME

  As you are now aware a new property tax commenced last year. For 2010 and subsequent years the liability date is 31st March so if you owned a property other than your Principal Private Residence on that date you are liable for this tax. You have 3 months from this date to pay the … Read more NPPR.IE