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 Post subject: Re: Budget 2019
PostPosted: Fri Oct 12, 2018 2:31 pm 
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Posts: 5520
metalmike wrote:
I have no problem with the interest write off when the landlord is incorporated as a business and they are in the business of providing shelter and the house is an asset of the business and not a personal asset

From what I've read the main obstacle to this reasonable state of affairs is that banks won't lend to small companies in this way, they'll only lend to individuals. I don't know how true it is.

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 Post subject: Re: Budget 2019
PostPosted: Fri Oct 12, 2018 3:01 pm 
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Location: London, innit
If you're buying shares in a limited company the company invariably has debt and already uses that tax shield/deduction before paying out dividends to shareholders/you. If you buy the shares via a tax free fund/pension it's essentially the same thing.

If a sole trader buys a van to facilitate his window cleaning round the interest is deductible. I don't see why he needs the expense of incorporation

Corporation tax is doubled for Irish companies holding residential property


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 Post subject: Re: Budget 2019
PostPosted: Wed Nov 28, 2018 1:54 pm 
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https://www.irishtimes.com/business/eco ... -1.3712599

Quote:
Fiscal council in stinging attack on Government’s budgetary policy
Watchdog claims Government is failing to manage public finances in prudent manner



Quote:
hile the outlook for the Irish economy in the short-term remains strong, a slowdown in the coming years is “inevitable and there are numerous risks”, the fiscal advisory council warned.

It said significant overheating pressures could build up “if a faster-than-expected, though welcome, pick-up in housing construction materialises”. The council also warned that Brexit, the exact outcome of which remains steeped in uncertainty, may prove to be more costly than assumed.

Chairman Seamus Coffey said the Government was growing spending at an unsustainable rate and failing to use the current upswing to insulate the economy against the next downturn.

“The Irish economy is one in which circumstances can change quite rapidly and we’re not using the positive upswing to build those fiscal buffers.”

While risks to the economy are not as high as they were in 2006 and 2007 “there are echoes of it”, he said.


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