Housing

Department of Housing scoping tax cuts to retain landlords in rental market

Property owners association is calling for a tax rate of 25 per cent for residential rental income

Private rental sector: In February, a Sherry FitzGerald property market review said there were 58,400 residential property sales in 2022, with an estimated 21,000 of those transactions linked to landlords leaving the market. Picture: Getty

A tax rate of 25 per cent is “urgently required” in order to keep landlords in the rental market, the Irish Property Owners Association (IPOA) has said.

In March, Tánaiste Micheál Martin said the tax treatment of small landlords compared to large professional investors was “not fair” and the government was drawing up plans to “shift the balance” to stop them fleeing the market.

A report by the Irish Times today said the Department of ...