The national representative body for private landlords, the Irish Property Owners Association (IPOA ), has strongly criticised Budget 2020 for not addressing any of the serious issues which the association has repeatedly brought to the Government’s notice.
In a note to members prepared just after the details were announced, IPOA Chairman, Stephen Faughnan, said that the Budget “represented yet another series of missed opportunities to encourage private landlords who want to play their part”.
He said it was “beyond time” for the Minister and the Oireachtas to “recognise that letting property is a business and it should be taxed as a business”.
Mr. Faughnan noted that the State lost 20 percent of its landlords between 2012 and 2018.
“Private landlords are part of the solution to the housing crisis. Allowing all legitimate expenses to be offset in the year they occur would go a long way towards encouraging landlords to remain in the sector and new entrants to invest,” Mr. Faughnan remarked.