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Lower tax rate will discourage private landlords leaving the market

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By Ted Healy of DNG TED HEALY

Property owner groups are pushing for a new tax rate of 25 percent for landlords to discourage them from selling up and leaving the market.

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Currently, landlords are paying over 50 percent tax on their rental income and the Government are looking at the possibility of reducing this in the upcoming Budget.

The Irish Property Owners Association (IPOA) and the Institute of Property Auctioneers and Valuers (IPAV) have called on TDs and senators in the Oireachtas Housing Committee to back a new tax rate of 25 percent.

This will incentivise landlords to stay in the rental market and “support new investment”, according to chairperson of the IPOA Mary Conway.

“The private investor is taxed at a marginal rate of up to 55 percent whilst the private equity fund/REIT pays zero percent tax on rental profit, once they exit the market within a defined period.”

Private non-developer landlords provide 94 percent of rental accommodation in the State with 70 percent of these landlords owning five properties or less.

Inheritance tax also plays a role in encouraging landlords to leave the rental market due to their age.

“75 percent of landlords are above the age of 50 and 48 percent are above the age of 60. This is important to note as taxation issues around inheritance are another contributor to landlords leaving the market.”

Meanwhile, Housing Minister Darragh O'Brien has said he wants to see measures in the Budget to help "good landlords" and keep property owners from quitting the private rental market.

Since 2016, there has been a loss of up to 8,000 landlords, representing around 44,000 tenancies, from the sector.

Mr O'Brien said landlords have been "demonised" and must be kept in the market while the State increases its stock of public housing. He said a record 25,000 social houses will be delivered this year.

The murmurings are that measures will be taken in the upcoming Budget that will help to maintain as many of those private tenancies as possible whilst building up the public housing stock, the mechanism remains to be seen.

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Overnight water restrictions in Greater Killarney

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Overnight water restrictions in Greater Killarney

Uisce Éireann has introduced overnight water restrictions across parts of Greater Killarney to help reservoir levels recover during the current spell of warm weather.

The restrictions will take effect tonight from 9pm until 7am tomorrow morning. Areas affected include Aghadoe, Beaufort, and Listry on the Mid-Kerry Water Supply Scheme.

Increased demand during the warm weather has meant treated water is being used faster than it can be produced. Uisce Éireann stated that the nighttime shut-offs are necessary to protect the daytime supply for homes, businesses, and essential services.

Operations manager Eoin O’Connell urged local residents and businesses to conserve water where possible:

“Nighttime restrictions are being implemented to support treated reservoir recovery and maintain daytime supply. Conserving water will help protect resources and maintain supply for all. When there is an increase in temperatures it leads to a rise in demand for water. Water is a hugely precious resource, and it is important to conserve water.”

Uisce Éireann is monitoring water levels daily and will conduct a further operational assessment later this week.

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West End and Great Southern team up for theatre experience

A powerful production of one of Ireland’s most celebrated contemporary plays is coming to the Killarney stage this month. In an exciting joint venture, the West End House School of […]

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A powerful production of one of Ireland’s most celebrated contemporary plays is coming to the Killarney stage this month.
In an exciting joint venture, the West End House School of Arts has partnered with the Great Southern Killarney to offer audiences an unrivaled theatre experience.

The West End Players Ensemble will present By the Bog of Cats, Marina Carr’s haunting and critically acclaimed masterpiece, on Wednesday, July 29 and Thursday, July 30 at 8:00pm at the town centre hotel.

Charlie Hughes, the show’s director and Head Tutor at West End House School of Arts, expressed great pride in the milestone, stating he is “so proud that our five years in operation here in Killarney have been able to support and develop such talented local actors to stage this production”.
Set against the stark beauty of the Irish midlands, the compelling drama tells the unforgettable story of Hester Swane, a fiercely independent woman determined to hold on to her home, her daughter, and her place in the world. Rich in Irish folklore, dark humour, and unforgettable characters, Carr’s masterpiece explores themes of love, betrayal, identity, and the enduring pull of the past, offering an unflinching portrait of Irish society.
Maria O’Meara, Director of Rooms at Great Southern Killarney, welcomed the production, saying, “Welcoming such a gripping and powerful production into the hotel is a wonderful way to celebrate creativity and culture. Creating memorable experiences has always been at the heart of the Great Southern Killarney, and we are proud to host an evening that brings people together through the arts.”
Theatregoers can enjoy an exclusive pre-theatre dining experience. A special menu will be available at the five-star Great Southern Hotel’s Arbor Restaurant for €55 per person. Dining reservations can be secured in advance by calling 086 663 8000 or by emailing events@greatsouthernkillarney.com.
The play runs for two hours, including a brief intermission, and is suitable for audiences aged 16 and over. Show tickets must be booked in advance online via Eventbrite at https://bythebogofcats.eventbrite.com

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