Focus Ireland has come out in support of landlords with a set of proposals for tax breaks to make letting homes more lucrative at small-scale. The homeless charity has published a briefing paper with Chartered Accountants Ireland calling for a doubling of tax relief on wear-and-tear, 100pc capital allowances for retrofitting and generous inheritance exemptions
"I rent out a small self-contained flat under the rent-a-room scheme. Since last July, I have accommodated two Ukrainian refugees in my house for which I receive €400 a month, increasing to €800 a month from this month. This will bring me over the limit of €14,000 for the year. The Government says the income
Banks will be required to keep access to cash services at 2022 levels under a new legislative framework recommended in the Retail Banking Review. It is understood finance minister Paschal Donohoe has accepted the recommendation and that work on the framework will begin next year, with heads of heads of a bill to be delivered
Almost €29m in assets misappropriated from clients of collapsed investment firm Custom House Capital will be returned to them soon, according to lawyers for the official liquidator. The distribution will bring to €41m the amount in recovered misappropriated funds given back to clients since the firm went bust in 2011 with total investor losses of
Nursing-home residents in the Fair Deal scheme will from today be able to hold on to more of rental income raised from their family home, which could lead to around 1,200 extra houses on the market over time. Up to now, people availing of the Fair Deal scheme could retain just 20pc of money generated
STRONG interest has been registered in the new scheme that sees the State taking equity in homes. It is for those whose income is too low to get them a big enough mortgage to purchase their first home. Some 508 buyers have been approved for the shared equity First Home scheme since in it was
Policyholders with a leading insurance company are in line for a financial boost worth almost a thousand euro. Some 93,000 people who have old Royal Liver, Caledonian Life and some Irish Life policies are set to get an average top-up to their policies of €900, if the plan is approved. They will get access to
Inflation across the euro zone hit 10pc for the first time in September in a development likely to build pressure on the European Central Bank to hike interest rates further, In Ireland the pace of price increases softened, the latest estimates from the the European Union’s statistics agency, Eurostate, show. In September Irish consumer prices
Households have been urged to check the income tax they are paying after it emerged that hundreds of thousands of people are overpaying on their PAYE income every year. The call comes after it emerged that close to half a million people overpaid a total of €300m in income tax last year alone. Over the
Thousands of Laya Healthcare members are in line for a second refund. The move by the Cork-based health insurer will benefit a typical family to the tune of €240. Laya is the second-biggest health insurer in the market with around 600,000 members. It comes after VHI and Irish Life both gave refunds this year. Fewer people are claiming from
