An update on property tax reliefs: Irish Budget 2019

Senior consultant Phil O’Connor highlights in Insider Ireland’s Business Matters, that the main measures introduced in the Irish Budget 2019 include the roll out of previously announced accelerated capital allowances scheme for childcare and fitness facilities, and the re-introduction of 100% mortgage interest relief for residential landlords.

Phil outlines a summary of the measures in the article.

For the 100% mortgage interest relief that will be available to residential landlords for loans used to purchase or refurbish residential property, he says: “As 85% of mortgage interest is currently allowed to be relieved, this could be viewed as a very minor uplift, however it should be remembered that this relief was earmarked for abolition just a couple of years ago. Therefore, looking at the bigger picture, this could be viewed as a win for landlords.”

You can read the article in full on the Insider Ireland website here, or to discuss further, please contact our team.

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