Category Archives: Section 23

Accountancy services in Dublin 2, a list of what we help our clients with. provide B1, CRO reporting, Payroll, P35’s, P30’s, RCT, C45, CT1, Audits, year end accounts, form 11 tax returns and other accountancy and book-keeping or payroll services in Dublin 2.

Independent: Struggling investors forced to sell at a loss

Mortgages with a total value of €1.3bn were now in arrears of three months or more. This represents 16pc of its €7.8bn buy-to-let mortgage book — up from 10pc in December. Low rents and difficulties finding tenants mean many buy-to-let investors lost money on their properties, director of Irish Mortgage Brokers Karl Deeter said.

Sunday Times: Buy to fret

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.

A letter to Kevin Cardiff, Secretary General with the Department of Finance

We felt compelled to seek an explanation of the change in rules surrounding Section 23 properties in the recent budget. This is effectively retrospective taxation and the changes were never set out or implied in the original contracts for the properties. Changing tax law after the fact is generally considered bad policy, and in some […]