Department of Finance Archives - MyHome.ie Advice & Blog

Proposed tax breaks for landlords needed to keep them in the market

Between the passing of Martin McGuinness, the latest Garda penalty point controversy and the build-up to tonight’s big match at the Aviva Stadium, one news item that might have got glossed over this week is proposed government plans to assist landlords. A series of tax…

General

Kennedy Wilson warns against Government interference in property market

Blog, General, Home, Market News, Mortgages & Money, Property News, The Investor, The Overseas Investor

One of the country's largest landlord groups has warned the Government that introducing rent controls could kill off investment in the property market. The Coalition are deseparately trying to find a solution to the housing crisis and soaring rents with 'rent certainty' amongst the possible…

General

Rent control could be “watered down”, according to reports

Blog, General, Home, Mortgages & Money, Property News, The Renter

The Labour Party is reportedly willing to 'water down' demands on rent control to ensure it makes it into a new plan to solve the housing crisis. Discussions between Government partners broke down last weekend when Fine Gael's Department of Finance officials refused to include…

Commercial Blog

€270 million collected in residential stamp duty in last four years

Blog, Commercial Blog, Market News, Mortgages & Money, Property News

Almost €300 million has been collected from residential stamp duty in the last four years, according to new figures from the Department of Finance. Figures provided by the Department of Finance in response to a parliamentary question by Fianna Fáil’s Michael McGrath revealed that the…

Build & Renovate

Tax breaks to be offered to urban dwellers who restore pre-1915 buildings

Advice, Blog, Build & Renovate, Extensions & Renovations, General, Home, Improving, Property News

Owners of properties built before 1915 will benefit from tax breaks if they restore derelict or aging buildings as homes. The Living Cities Initiative, announced by the Department of Finance, will benefit property owners in Galway, Cork, Waterford, Limerick, Dublin and Kilkenny who refurbish units…

General

Mortgage arrears figures continue to fall in January

Blog, General, Mortgages & Money

More than 87,800 residential mortgages were in arrears by the end of January, according to the Department of Finance, down 1.8% (1,658) on the December 2014 figure. That figure represented 12.7% of all residential mortgages on the books of Ireland’s six main banks, down from…

General

Property Tax to be reviewed

Blog, General, Home, Mortgages & Money, Property News

Minister for Finance Michael Noonan has commissioned a review into the Local Property Tax in the context of house price rises. Fianna Fáil earlier called on the Government to postpone next year's valuation date for the tax, saying homeowners would face higher bills if it…

Market News

Over 22,000 mortgages drawn down last year

Blog, Market News, Mortgages & Money, Property News

Mortgages to the value of €1.3 billion were drawn down during the final quarter of last year, new figures show. This is up 49 per cent on the value of mortgages drawn down in Q4 of 2013, which was €896 million. In comparison, mortgages to…

Mortgages & Money

Number of mortgages in arrears falls

Blog, Mortgages & Money

There was a total of 45,276 mortgages in arrears by more than 90 days not restructured by the end of November, according to the Department of Finance. The total number of mortgages in arrears stood at 91,963 at the end of November, which is a…

Home

95% of homeowners paid property tax last year

Blog, Home, Mortgages & Money, Promoted, Property News

The Revenue Commissioners have said 95% of eligible homeowners have paid last year's property tax. It took in €452m in the tax for last year - as well as €39m euro in property taxes due for 2015. The figures form part of Revenue's total income…