Exchequer ‘losing out’ on millions in tax as landlords leave homes empty to avoid rent controls
Exchequer ‘losing out’ on millions in tax as landlords leave homes empty to avoid rent controls
Posted by Irish201h
Exchequer ‘losing out’ on millions in tax as landlords leave homes empty to avoid rent controls
Exchequer ‘losing out’ on millions in tax as landlords leave homes empty to avoid rent controls
Posted by Irish201h
15 Comments
Not sure those maths add up.
How much are they going to raise the rent by to make up two years of no rent?
So this is when the empty house tax comes in, yeah?
Empty homes during a housing crises. How long does this crap have to go on before things change?
Just tax them as if they were fully occupied, it’s not difficult. It will be up to the landlord to figure it out.
CPO the empty properties.
It has been known for decades that rent control reduces rental supply and leads to higher rents over the medium to longer term. But its a populist policy so we continue with them. Meanwhile every major minternational developer avoids Ireland like the plague because building rental units is not econimcally viable with rent control in place, limiting annual increases to 2%
Landlords are parasites.
You’re not trying to tell me a government intervention into the housing crisis has made matters worse?
There’s definetely a narrative building in the media about abolishing rent controls. There was a post in the business post this week too. The current rental laws are due to end at the end of 2024
Serves the government right! They should scrap the landphobic rent control policies
To paraphrase Leo, one man’s tax avoidance is another man’s income. Feed the parasites.
10% tax on value for vacant /derrilict properties.
Empty? Or income not declared?
expropriate the expropriators.
My landlord will be leaving my current rental empty when we move out for two years to escape rent control. The market rate is about 3x what we are paying, and he hasn’t done any maintenance in the time we are here, so he’ll need most of those two years to put right a very long list of things needing doing including replacing the roof, repumping the cavities with insulation, and a complete set of new doors and windows.
Rent control has been consistently shown to have that effect: landlords cease all maintenance during a tenancy, deferring it until after the tenant moves out. We have endemic black mould, water drips off the kitchen roof during showers, and ant infestations every summer. The kitchen hob only has two working spots, the oven has lost its seal, the fridge isn’t cold anymore and the washing machine got so bad I replaced it at my own expense out of frustration of it halting with an error every second wash.
As much as all that is bad, in fairness he hasn’t increased rent not once in ten years, so I can’t complain – you get what you pay for, and he’s been very good at not rushing us out of here until our house gets built, which has been severely delayed.
That pattern of leaving houses empty for two years to escape rent control is well established around these parts. Rent here was ultra low until just about when rent control came in, so it makes financial sense to leave a property empty for two years, especially if it needs renovating anyway. Kinda sucks to see so many empty rental properties around here though. A chunk went to housing Ukrainians, but now that subsidy has been cut back they’re just being left empty instead.