Thursday, 20 October 2016

Ireland's Scrapping Of Buy-To-Let Tax Is 'Warning To Britain'

Ireland is reversing its 2009 policy that stopped landlords from claiming full mortgage interest tax relief on their rental income. Britain is introducing a similar policy in April next year. In his Budget statement made last week, Ireland's minister for finance, Michael Noonan, said landlords would be able to claim 80pc tax relief from next year, up from a current level of 75pc. Tax relief will then increase by another five percentage points each year until it reaches 100pc again. He said the policy was introduced in 2009 to "rescue the public finances" and that a housing crisis in Ireland made now an "appropriate time" to revisit it. Read more on the Daily Telegraph website.

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