A better investment market

Property investors and politicians need to remind everyone that just because those investors with a mortgage can claim interest expenses off their profit , they still pay full rate of tax on their earnings. They also pay the full council costs on rates, development levies, and insurance. By paying the full local authority fees social housing providers get a discounted service.

Hi there While I agree that the interest deductability is useful for investors and I am one. I am also a very small one and there is some very big Investors that will be clapping their hands with glee because they never slowed their investing during the hard times we have just been through but simply kept buying as prices dropped because they could. This sector, that I am a part of still has to recognise that there are many who cannot afford to own and run rental houses let alone afford their own house and I am one who wants a country where that's still a possibility for all people. This is still a government for the whole country not just their often very privileged voting sector. Nga mihi Donal

Well Glen if you have a problem with legitimate tax deductions there is nothing to stop you paying the tax and dropping the price of your rentals. Most Landlords can't afford to do that.