Irish “caring” Budget re-introduces 100% mortgage interest tax relief

How long before our government reaches the same bleedin' obvious conclusion?

The Uk government way behind the Curve. The lawmakers with their rewriting of basic accountancy rules, stupid council licensing schemes have wrecked the PRS.
The New Landlords Alliance website launch next month will advise landlords to not engage with the government. The show is over this government has wrecked the PRS and the other clowns ranting about sect 21 want to force tenants to que for the few rentals that may remain.
As Monty said the answer is bleedin obvious.
1/Scrap sect 24 and bring the UK in to line with accounting standards worldwide.
2/Disband the so called Housing Charity with the £60 million budget that houses nobody. Use that money for building.
3/Scrap the Selective licensing schemes which are forcing rents up.
Finally bin the 14 Billion yes 14 Billion overseas aid budget.
Take these measures and in one go, the housing crisis is solved. This is simple.
Over to you Mr Brokenshire

Reply to the comment left by Larry Sweeney at 11/10/2018 - 16:04There are many aspects of Government spending (and other actions) which I personally may not agree with, but I'm not sure what the foreign aid budget has got to do with landlords?, or whether the various landlord members of the new Landlord Alliance would wish to lobby government about the foreign aid budget when it is has so little to do with the issues affecting PRS landlords?

In relation to the re-introduction of the 100% mortgage interest relief, this does sound like a positive step that will help landlords and tenants in Ireland. - I hope that the UK government will follow this example and help landlords to help tenants and reduce homelessness.

Robert Have you pledged membership. If so email me and I would be more than happy to address some points which you have raised. It would not be our policy to explain the rationale behind every post on a public forum.

Reply to the comment left by Larry Sweeney at 11/10/2018 - 22:47Hi Larry, yes I have pledged membership (on your p118 post asking for pledges), and I have also already emailed you direct with my pledge.
However, as yet I've received no details as to what specific remit your NLA will have, so it is worrying that it seems to be "going off on a tangent" by campaigning (perhaps not the right word) for Council Tax holidays for new home owners, and ending of Foreign Aid Budgets, neither of which seem very relevant to standing up for the rights of landlords, and appear to be leading towards a different political agenda.
This does not alter the fact that you have done, and are doing, some great work for landlords, and much of what you are proposing for the NLA sounds good, I'm just concerned about the things you are proposing that do not appear to be directly related to the PRS landlords.
You are welcome to contact me direct at robert.mellors@choicehousingltd.org, or connect with me on Linked In (where you can also view some articles I have written about housing and homelessness, if you wish).

Coincidentally, Roddy Doyle (The Commitments, The Snapper and Family) has released Rosie, a film depicting Ireland's homeless crisis.
See Guardian story https://www.theguardian.com/world/2018/oct/11/roddy-doyle-depicts-irelands-homeless-crisis-in-new-film-rosie
It's a pity that the Guardian article doesn't allow comments on this one - would have been an opportune moment to "join the dots", and in true Guardian style, they do not explore why evictions are taking place or why landlords are selling up. However it would appear that the Irish politicians have started to join the dots - pity that the muppets running the show over here can't do likewise. Never mind - my MP will get a reminder ...... again !!

I think this is a perfect opportunity to make our own politicians realize by working with us instead of against us, they'll get the tenants and landlords votes they're so eager for!!
Happy tenants = happy landlords = better/more investments = better revenues!! Quite simple isn't it?

I agree with Larry on most things he has set out to do, but must take exception to his comments on the overseas aid budget. There are millions of people in the world who are far worse off than the vast majority of landlords and their tenants, and I for one am prepared to have my tax contributions used to support them, usually in their hour of desperate need. I have also pledged my contribution to the NLA.

Section 24 was introduced in Ireland and led to rent increases.

Banning letting agent fees was introduced in Scotland and led to rent increases.

Why are the government wasting time and effort introducing policies that have failed elsewhere.

The PRS was the only part of the housing sector that worked well for tenants and now it is becoming unaffordable due to terrible policy decisions.

I read about the Irish reintroducing 100% tax relief for interest finance costs on one of the property blog websites (Can't remember which now), it also stated that the Irish Government do not intend to offer this tax relief to those landlords on low rate tracker mortgages "As they are already getting a financial advantage" How absolutely appalling that they would discriminate like this against a landlord that had made a good commercial decision many years ago.
That to me is a dirty way of doing business and I would expect no less from the British Government if they were to reconsider Section 24