29th August 2022 IPOA and the IPAV (Institute of Professional Auctioneers and Valuers) have been lobbying jointly for the benefit of members. Our joint Pre-Budget Submission was launched on Tuesday last. A decision was taken to limit the number of items requested to attempt to achieve a meaningful change to the tax treatment of the sector. Our proposals are as follows:- Taxation The introduction of a new 25% rate of tax (inclusive of USC and PRSI) on profit derived from residential rental income The introduction of roll-over relief in relation to Capital Gains Tax on the sale of
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Archives for News
Landlords Leaving The Sector – Not A Surprise To IPOA
Listen Back To IPOA’s Chairperson Mary Conway No Surprise – Landlords Leaving Are The Sector…… Onerous & Over Regulation and Unfair Taxation ! Lack Of Confidence In The Sector. Stark increases in the amount of landlords leaving the sector and the supply of new rental properties is not replacing those lost from smaller landlords exiting. Overburdensome regulation, penal taxation treatment and vilification of landlords is destroying the Market. Listen HERE IPOA SUPPORTING LANDLORDS CONTACT US 01-8276000
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RTB Late Annual Registration Fees
August 2022 Following lengthy discussions and meetings with the RTB – particularly concerning the late registration penalty fee, IPOA are pleased to outline that RTB have devised the below solution to penalties. We looked for the late fee date to be changed but unfortunately that was not possible as this was written into the legislation, however we welcome the below refund plan. Please find an overview of the RTB’s plans around late registration fees and refunds. In recognition of the genuine difficulties landlords are facing when trying to register tenancies, the RTB will refund all late fees paid
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IPOA Announce the Election of our New Chair
IPOA is delighted to announce the election of Mary Conway as the new Chairperson of the Association. This election marks an important next step for IPOA. Mary has been a residential landlord for 27 years and a member of IPOA since 1997. She also has the distinction of being the first female member elected to Committee in 2017. Formerly a Nurse and Midwife, Mary has extensive experience managing students lets, houses of multiple occupancy, and letting houses and apartments. Mary holds a PRSA license A, B, C, and D, following the successful completion of a Higher Diploma in Real estate management
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Changes to Legislation – Commenced
July 2022 Amendments have been introduced from 6th July 2022 to the Residential Tenancies Act which change procedures and some timelines. Key changes include: Notice periods landlords are required to provide tenants when ending a tenancy have increased in some cases. Less than 6 months – 90 days Not less than 6 months but less than one year- 152 days Not less than 1 year but less than 7 years – 180 days Not less than 7 years but less than 8 years – 196 days Not less than 8 years – 224 days Landlords are now required to
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Changes to Notice Periods, Which Will Come Into Effect Shortly.
July 2022 Legislative changes to extend the required termination notice period that tenants must receive (where there has been no breach of tenant obligations) have been passed by both Houses of the Oireachtas. The amendments were made to the Regulation of Providers of Building Works and Miscellaneous Provisions Bill 2022 which will now be sent to the President for early signature. The proposed termination notice periods to be given by landlords where there is no breach of tenant obligations will change as follows: Duration of Tenancy Previous Notice Period New
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IPOA – Upcoming Online Course For Landlords
IPOA are pleased to confirm dates for our next online course. We believe that if you are letting a residential property, it is vital you understand the main issues involved. There are many legal obligations required of landlords, failure to meet these may lead to significant fines and possible criminal charges. Our upcoming course is offered online over 8 weeks. Each session is 2 hours in duration and will be delivered on Wednesdays between 12 – 2pm. The course will commence on the 7th of September 2022 – contact info@ipoa.ie for full schedule. The programme takes you through the lettings
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