Saturday July 11, 2020

Donohoe looks into tax breaks for landlords who retain tenants

Finance minister’s officials will examine ways to slow trend of families becoming homeless when houses are bought

Michael Brennan

Political Editor

24th November, 2019
Paschal Donohoe, Minister for Finance (Pic: Bryan Meade)

Minister for Finance Paschal Donohoe has asked his officials to look into tax breaks for new landlords who agree to keep on existing tenants.

There is a practice of tenants being evicted when a property is sold to a new owner, particularly in the cases of buy-to-let homes taken over by banks.

Previous suggestions of coming up with a tax incentive to potentially address this practice were dismissed as unworkable by the Department of Finance.

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