Fred Harrison talks about the way in which infrastructure spending can result in a wealth transfer which largely goes uncollected, compelling viewing.
We had an opinion piece in the Sunday Business post this week on mortgages, the full version is in this posting, or you can get it on the Sunday Business Post website in the ‘news’ section.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, tax relief at source, Taxation
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Tagged borrowing, finance, financial advice, investment property, irish property market, mortgage market, mortgages, nama, sbpost, sunday business post, tax relief at source, trs
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Figures compiled by Karl Deeter at Irish Mortgage Brokers showed that the size of the average first-time buyer mortgage peaked in the first quarter of 2008, at €251,000.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, tax relief at source, Taxation
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Tagged accountants dublinn, advisors dublin, dublin 2 accountancy, end of trs, financial advice, tax relief at source, tax relief mortgages, trs, trs1 form
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Karl Deeter, operations director with Irish Mortgage Brokers in Dublin said he was in favour of a property tax if it was implemented correctly and if less income tax was paid by taxpayers. ‘‘People would be more willing to spend more if income tax was reduced. It would prove to be productive.”
‘‘The second homes tax is an example of revenue raising, the only justification is that it is a tax on owning an asset. Literally I could own a castle or a cottage and I’d have to pay a flat tax it’s stupidity. The introduction of a property tax would have to mean scrapping the second homes tax,” he said. ‘‘Otherwise it doesn’t make sense, and the property tax should be offset against investors’ tax bills. The property tax should be allowable as an expense for investors.”
Also filed in Accountancy, Advisors.ie In the Press, Financial Advice, property tax, Taxation
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Tagged local taxes, lvt, municipal bonds, municipal taxes, property tax, site value tax, site value taxation, svt
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Monday, February 21, 2011
We were pleased to get a mention in the Sunday Times article by Kathy Foley called ‘buy to fret’. You can find her on Twitter too! We don’t often find such a candid quote as the last part of the mention we got! “The banks are all saying investors have to be first to give up the ghost,” said Karl Deeter, of Irish Mortgage Brokers. “They will lean heavily on them and get a judgment because they didn’t do what the bigger people do and isolate the loan, buying the property through a limited company. “Nobody feels any sympathy for them.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Financial Advice, Income Tax, Investment, property tax, Section 23, Taxation
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Tagged accountancy dublin, advisors.ie accountants, buy to let problems, can't pay mortgage, city centre accountants, mortgage problems, sunday times buy to fret
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