Archives for News

Budgetary Changes

10th October 2023 The following Budgetary changes may make a difference to your private rental investment.   Rented Residential Relief A new tax relief for landlords is being introduced. It will provide a relief, at the standard rate, of residential rental income.   The relief will be as follows: €3,000 in the tax year 2024; €4,000 in 2025, €5,000 in 2026 and €5,000 in 2027.   A full claw-back of the benefit of the relief applies in the event the landlord removes from the rental market, within 4 years, any of the rental properties held in year 1 when the
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Budget 2024 – Contact Your TD Today

04/10/2023 IPOA have been lobbying hard for your benefit to get changes in the Budget that will help retain you in the sector.     We need you to make contact with your local representatives (by phone, email or personally) specifically FF, FG and the Greens over the next few days to lobby for change to the penal tax treatment of the sector.  Please outline your financial issues.   Attached is the IPOA Pre-budget Submission and our key asks are below.   The IPOA recommends that a new rate of tax on residential rental income of 25% (inclusive of USC
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Categories: News.

New Rent Pressure Zones Designated

September 2023   A number of new Rent Pressure Zones have been designated on the 31st August 2023. These are the Local Electoral Area of Ennis, and the Local Authority Administrative Areas of:           Kilkenny County Council; Limerick City and County Council; and, Waterford City and County Council.   Rent Review in these areas are now restricted and must comply with Rent Pressure Zone regulations. Please find link to the RTB Q1 Rent Index Report published recently.   IF YOU HAVE ANY QUERIES PLEASE CONTACT IPOA – SUPPORTING LANDLORDS FOR OVER 30 YEARS 01-8276000 / info@ipoa.ie   * Take note
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IPOA urges Students to Exercise Caution when Seeking Accommodation

August 2023   As the commencement of the 2023/2024 academic year draws near, thousands of students are eagerly anticipating offers from third-level educational institutions across the state. This annual milestone invariably brings with it a hurried search for suitable accommodation.   Regrettably, with many property owners choosing to sell-up and leave the rental market due to unfavourable conditions, the supply of available rentals to meet the burgeoning student demand will be an even larger issue this year. Such a scenario has, unfortunately, opened the student rental market to unscrupulous actors who seek to defraud students and their families of deposits.  In light of these challenges, the Irish Property Owners Association (IPOA) is
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Department of Housing, Local Government and Heritage (DHLGH) – Review of the Private Rental Sector

July 2023 The Department of Housing, Local Government and Heritage (DHLGH) have commissioned a comprehensive review of the private rental sector. The review will report on how our housing system could provide an efficient, affordable, safe and secure framework for both landlords and tenants.  The review has commenced and Members can make submissions directly to the Department of Housing, link below. IPOA will be making a submission and would welcome your feedback on the questions below.  Feel free to give us any ideas you may have on any or all of the questions.  Your views are important and we would
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Categories: News.

New IPOA research shows targeted tax relief needed to retain landlords in the market – alleviate supply issues

30th May 2023 The Government’s failure to recognise the pivotal role of property owners in housing provision shows that Ireland is out of step with its EU counterparts  IPOA has released the findings of its latest comparative analysis, which examines support mechanisms in place for landlords across EU Member States. The research demonstrates that, in cases where Member States have assisted the sector via targeted taxation relief and financial subsidies, sufficient level of affordable housing stock has been maintained. In turn, this has unlocked further investment in the market, improving the quality of residential properties available, and facilitating new forms
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HAP – Housing Assistance Payment (HAP) to guarantee payment to landlords

  May 2023 Measures have been or will be put in place to ease the impact of the end of the winter emergency period, including to amend the Housing Assistance Payment (HAP) to guarantee payment to landlords where the tenant defaults on payment of differential rent, effective from 1 May 2023. From 1 May 2023 when a HAP tenant defaults on their differential rent payment to the local authority they will be offered the option of a payment plan to assist them in maintaining their tenancy and allow the HAP payment to the landlord to continue. If the tenant defaults
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