tax Archives - MyHome.ie Advice & Blog

Peter McVerry Trust call for tax exemption on the sale of empty houses to housing associations

A tax exemption for the sale of empty homes to housing associations is among a number of pre-budget submissions from the Peter McVerry Trust. The homeless charity says this should be combined with the introduction of a tax on vacant properties. But as a temporary…

General

Children could be set to benefit from inheritance tax break on parent’s homes

Blog, General, Home, Market News, Mortgages & Money, Property News

Children who inherit property from their loved ones may be set for a tax break from the new Government. According to a report in today’s Irish Times, tax changes promised in the Government programme for partnership will be sharply cut or eliminated completely. Under the…

General

Enhanced tax relief for landlords who rent to social tenants available from today

Blog, General, Home, Market News, Mortgages & Money, Property News, The Investor, The Renter

Landlords who rent to social housing tenants will from today be entitled to enhanced tax reliefs. The new scheme will allow property owners who rent to tenants in receipt of rent supplement or the housing assistance payment (HAP) to claim 100 per cent relief on…

General

Those affected by flooding can apply to have taxes deferred

Blog, General, Home, Mortgages & Money, Property News

People whose homes have been affected by flooding can apply to have some of their taxes deferred under new plans announced today by the Revenue Commissioners. Officials claim they want to avoid adding to people's distress following the impact of Storms Desmond and Frank and…

General

Revenue to crack down on those undervaluing their home for property tax

Blog, General, Home, Mortgages & Money, Property News

The Revenue Commissioners are cracking down on the number of homes that were "significantly undervalued" in property tax returns. According to The Irish Times, officials are targetting those that were estimated to be worth "far lower" than guide values from May 2013. Nearly a quarter of…

Mortgages & Money

Almost 20,000 self-employed people face hit on income tax bill for failing to pay property tax

Blog, Mortgages & Money, Property News

Almost 20,000 self-employed people have taken a hit on their income tax bill for failing to pay the Local Property Tax. Self-employed people who do not paythe property tax incur a surcharge of up to 10% on their total income tax bill. This potentially leaves…

Build & Renovate

Tax breaks to be offered to urban dwellers who restore pre-1915 buildings

Advice, Blog, Build & Renovate, Extensions & Renovations, General, Home, Improving, Property News

Owners of properties built before 1915 will benefit from tax breaks if they restore derelict or aging buildings as homes. The Living Cities Initiative, announced by the Department of Finance, will benefit property owners in Galway, Cork, Waterford, Limerick, Dublin and Kilkenny who refurbish units…

Mortgages & Money

200,000 people yet to pay their Property Tax for 2015

Blog, Mortgages & Money, Property News

As many as 200,000 people have yet to pay their Local Property Tax (LPT) for 2015, according to the Revenue Commissioners. Those who have yet to pay have been warned, however, that it is “in their interests” to contact Revenue before officials finish processing payments already…

The Investor

Is enough being done to help Generation Rent?

Blog, Property News, The Investor, The Renter

A report from Fitch earlier this week found that home ownership rates in Ireland had plunged since the end of the boom years. Globally the report said that a generation of young renters were being locked out of the housing market with new mortgage rules…

Mortgages & Money

Landlords could be offered tax breaks to keep rents down

Blog, Mortgages & Money, Promoted, Property News, The Investor, The Renter

Landlords who agree to keep rent at affordable levels could be offered a series of tax reliefs from the Government. The new plans by Minister for the Environment Alan Kelly are aimed at increasing the right of tenants and tackling rising rent prices, particularly in…