Delaney Estates have been researching the recommendation which the SCSI are putting forward to the Government in advance of Budget 2017.
Their recommendation below is in relation to Residential Property Investment –
– Reinstate full mortgage interest relief and remove USC and PSRI on rental income.
– Introduce similar Capital Gains Tax incentive relief as previously introduced for commercial properties.
– Introduce for properties bought for residential investment purposes and held for a period of 10 years, with no CGT applying to gains accrued in that period.
– Exclude rental income paid on Irish residential or commercial property from relief under S110 structures.
Link to SCSI report….
Delaney Estates…. leading the way for successful property sales in Artane….