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Rental property tax mocks common sense

JOHN Gormley put a tax of €200 on each let flat (NPPR, Non Principal Private Residence). I pay €1,000 on five let flats. Now I'm told I cannot deduct this from my rental income for tax purposes. Assuming a tax rate of 50pc, that means I must earn €2,000 to have a net income of €1,000, to pay the NPPR tax.

In the same way, I should increase the rent by €2,000 and pay tax of 50pc, leaving me €1,000 to pay the NPPR.

A property tax that is not deductible from the rental income for tax purposes is against jurisprudence and common sense. The NPPR proves that John Gormley had no common sense.

Stephen Fallon

Irish Independent