Finance Minister Paschal Donohoe. Image: Sam Boal/RollingNews.ie Finance Minister Paschal Donohoe. Image: Sam Boal/RollingNews.ie
OPPOSITION POLITICIANS HAVE accused the government of introducing “a landlords’ Budget”, after it announced tax breaks for landlords in today’s Budget statement.
Finance Minister Paschal Donohoe confirmed that landlords would be entitled to relief of up to 100% of the interest paid on loans for the purchase or refurbishment of residential property.
This measure was scheduled to be introduced by 2021 but Donohoe said that he was bringing it forward to come into effect on 1 January 2019.
Housing Minister Eoghan Murphy said that the measure would “incentivise landlords to remain as landlords”, but this was rejected by opposition parties.
Sinn Féin’s Eoin Ó Broin TD described it as “an unnecessary tax relief to landlords” while Labour’s Alan Kelly TD questioned why landlords “can buy a house for cheaper
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