Sunday 4 December 2016

Budget reaction: Landlord - 'It was a missed opportunity to incentivise landlords'

Published 15/10/2015 | 02:30

Joe Doyle at home in Dublin
Joe Doyle at home in Dublin

This Budget was a missed opportunity for the Government to "incentivise" landlords to opt into rent allowance schemes, according to one professional.

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Joe Doyle is a landlord who owns several properties - mostly houses - around the capital.

The Dublin man said he accepted rent allowance from tenants, but believed the Government could have done more to get landlords to opt into that scheme.

"The biggest issue for landlords and the lack of incentives for new landlords to get in the market is the issue of taxation. And they didn't address that at all whatsoever.

"They had an opportunity to make a big difference there in my opinion," he said.

"I just drove by 12 houses that have been empty for four years; they should be tackling that situation immediately if you ask me.

"There is still some unused stock in the city that should be tackled head on immediately that could be turned around in a number of months instead of a number of years."

Mr Doyle added: "I think there was more lip service than anything else to be honest.

"There is a lot of things they could do to incentivise the market to get people to want to be owners of buy-to-let properties to help alleviate this rental crisis.

"But I don't think there was a lot done. The taxation on landlords is quite unfair."

Irish Independent

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