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 Post subject: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 11:01 am 
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Of Systemic Importance
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I'm seeing this Build-to-Rent market term more lately. Is it about to take off in Dublin or just in vogue?

More than 1,200 'build-to-rent' apartments to be built in Dublin

https://www.irishtimes.com/business/com ... -1.3349730

Irish Life to re-enter housing market

https://www.independent.ie/business/iri ... 74397.html

Pensions company says it is at an ‘advanced’ stage to enter build-to-rent market


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 11:04 am 
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i think a good few were built at the old DUn Laoghaire golf club site as well


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 1:12 pm 
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IRES is also building units - small time landlords welcome the arrival of the professionals :twisted:


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 1:16 pm 
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Luan wrote:
IRES is also building units - small time landlords welcome the arrival of the professionals :twisted:



I wonder what the tax rake is for them vs small time or [even mid sized D4 focused] landlords :D

BTW do Cosgraves still own apartments in Drimnagh? Lansdowne Gate??


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 1:18 pm 
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slasher wrote:
Luan wrote:
IRES is also building units - small time landlords welcome the arrival of the professionals :twisted:



I wonder what the tax rake is for them vs small time or [even mid sized D4 focused] landlords :D

BTW do Cosgraves still own apartments in Drimnagh? Lansdowne Gate??

I'd say it's fraction of what the small time guy pays given the sweet heart deals they secured from the DoF


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 2:00 pm 
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slasher wrote:
Luan wrote:
IRES is also building units - small time landlords welcome the arrival of the professionals :twisted:



I wonder what the tax rake is for them vs small time or [even mid sized D4 focused] landlords :D


You know there are some funny rules concerning REITs that force them to pay the majority of their rental profits out in dividends.

The % tax I pay on rental profits and dividend income is broadly similar :)


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 2:44 pm 
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Luan wrote:
slasher wrote:
Luan wrote:
IRES is also building units - small time landlords welcome the arrival of the professionals :twisted:



I wonder what the tax rake is for them vs small time or [even mid sized D4 focused] landlords :D


You know there are some funny rules concerning REITs that force them to pay the majority of their rental profits out in dividends.

The % tax I pay on rental profits and dividend income is broadly similar :)


true - I was wondering more about the Kennedy Wilson types...


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 3:30 pm 
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You pay income tax on UK/US dividends also - Kennedy Wilson is a UK/US REIT with some Irish assets.


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 Post subject: Re: Build-to-Rent market about to take off?
PostPosted: Wed Jan 10, 2018 7:48 pm 
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slasher wrote:
Luan wrote:
IRES is also building units - small time landlords welcome the arrival of the professionals :twisted:



I wonder what the tax rake is for them vs small time or [even mid sized D4 focused] landlords :D

BTW do Cosgraves still own apartments in Drimnagh? Lansdowne Gate??

I guess if you are incorporated rather than a sole trader (or just doing it in a completely unstructured way) there are things that you can write off against tax that the Mom & Pop rentals can't. You're probably also big enough to pay accountants to carry out 'Tax planning' .


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