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Lower tax rate will discourage private landlords leaving the market

Published

4 years ago

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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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X-Factor singer Ben Quinlan to launch new album in Newmarket

Published

21 hours ago

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15 April 2026

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Killarney singer and pianist Ben Quinlan is set to launch his latest Irish album with a special concert in Newmarket, County Cork, this August.

The former X Factor contestant and winner of Ireland’s Alternative Eurovision has titled the event “A Night to Remember.”

The concert will take place on Saturday, August 22, at An Cultúrlann, in his grandparents’ hometown.

Quinlan recently returned from a major international tour across the Netherlands with the Celtic Steps show.

His upcoming performance will feature a mix of traditional and modern Irish music, covering artists from Thomas Moore and the Wolfe Tones to Kingfishr.

The setlist will also include crooner classics from the likes of Frank Sinatra, Dean Martin, and Michael Bublé.

“I’m launching my new album in my grandparents’ hometown and I’m hoping it will be a successful night,” said Quinlan, who performs professionally on the grand piano.
Doors at An Cultúrlann open at 7pm with the show starting at 8pm. Tickets are priced at €20 and the night will serve as the official launch for his new CD.

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Contactless payments launched on Local Link services

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2 days ago

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14 April 2026

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Passengers using TFI Local Link Kerry services in Killarney and across the county can now pay for their journeys using contactless card payments.

The National Transport Authority (NTA) confirmed the rollout this week, allowing commuters to simply tap their debit card, credit card, or mobile devices, such as Apple Pay and Google Pa, when boarding.

The move is designed to offer more convenience for those using high-frequency rural and regional routes.

In Killarney, the new payment option will be available on the TFI Anseo town services, which have seen a significant increase in passenger numbers since their introduction.

The contactless system is currently available for single journey fares, while those using daily or weekly passes can continue to use the Leap website or the TFI Leap Top Up App.
Alan O’Connell, General Manager of TFI Local Link Kerry, welcomed the modernisation of the fleet.

“The introduction of contactless payments is another welcome step forward for public transport in Kerry,” he said. “It complements other major projects in the county, including the expansion of TFI Local Link services and the delivery of TFI Anseo in Killarney, which is proving to be another great initiative.”

While the new technology offers a modern alternative, traditional payment methods are not being phased out. Cash payments, TFI Leap cards, and Free Travel Cards all remains fully valid across the network.

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