Tag Archives: Section 23

Property in Irish December 2011 Budget

Section 23 allowances bought by investors are not being abolished.
However high earners will have to pay a 5% surcharge on income relieved by property incentives. The government is now incentivising the purchase of investment property again, but it is likely that only the very wealthy will be able to do this, since mortgage credit for such projects is very scarce.
Tinkering with the property market has often had undesired results. Continue reading

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IPOA Reaction to Budget 2010

The Irish Property Owners Association is likely to challenge the Government’s abolition of Section 23 Allowances for investors who have not been able to date to use the allowances fully. Continue reading

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