Construction Ireland Construction Directory
Time and date
CONSTRUCTION DIRECTORY
Share this page
Construction News
08/11/2013

Call For Property Tax Relief For People Who Pay Management Fees

Labour TD Brendan Ryan, has called on the Minister for Finance to examine the viability of introducing a tax credit for people who pay a property management fee.

Speaking in the Dáil during the Second Stage of the Finance Bill, Deputy Ryan called for such a measure to be examined at Committee Stage of this Finance Bill: "I would like the Minister to look into the situation whereby people, predominantly apartment dwellers, who bought homes during the boom years and pay hefty annual management fees are also subject to the local property tax.

"There are many people in Fingal and throughout Ireland who pay Celtic Tiger mortgages on properties in negative equity and are now due to pay both the Local Property Tax and their management fees. The month of January, for people living in apartments or managed estates can be a month of extra financial hardship as the bill for management fees can range anywhere from €800 to over €1000.


"At a time when almost everybody is tightening their belts after Christmas and planning their annual household budgets, apartment dwellers and those in managed estates, have the extra bill of management fees to cope with.

"I accept there are complex issues surrounding management fees including issues with non-compliance. I know many families are simply unable to afford what in essence is a 13th mortgage payment in any given year. It is a very difficult situation and has knock on effects on people's well-being and mental health.

"Apartment owners especially have seen the value of their properties drop further than any other type of property. And whilst house prices in Dublin and Fingal are starting to rise again, apartment prices remain pretty flat.

"The reality is that apartment owners, by and large, rely on management companies to manage the immediate vicinity of their home; open spaces, lighting, sewerage, potholes, grass cutting. These are some of the basic public services which will be supported by our Local Property Tax."

(CD/JP)

Latest Construction News

13/12/2019

Proposals to transform rural areas across Ireland have been welcomed under the Rural Regeneration and Development Fund. A call was launched for proposals under Category 2 of the scheme, which support the early development of projects. Under Project Ireland 2040, the Rural Regeneration and Develo
13/12/2019

Sixty-six practices have signed up to a RSUA initiative which champions fair pay for part 1 architecture graduates. RSUA believes that practices should have the opportunity to publicly demonstrate their commitment to the next generation of architects and that students should be able to make inform
13/12/2019

A Northern Ireland-based contractor has joined forces with UK charity Street League to give young people employability support. The 'sport for employment' charity targets sports to engage with young people, as well as teach them the key life and work skills they need to move into sustainable emplo
13/12/2019

An innovative technique known as ice-pigging is set to be utilised to address water supply issues in Tallanstown village, Co Louth. The works will see an ice slush pumped into a water main and forced along the inside to clean the pipe by removing sediment and other unwanted deposits. Work will beg
13/12/2019

Labour has issued another call for government to progress its Homeless Families Bill following an alarming report from the Mercy Law Resource Centre. The report on homeless families revealed a woman who given birth just one month earlier was placed in one night only accommodation with her new baby
13/12/2019

The quality of water in Ireland has been called into question after the publication of a new Environmental Protection Agency report. Green Party representative Cllr Malcolm Noonan heaped criticism on the River Basin Catchment Management approach over a failure to deal with the scale of pollution fr
12/12/2019

Members of the public have been urged to make their voices heard on new draft Wind Energy Development Guidelines. Housing Minister Eoghan Murphy and Environment Minister Richard Bruton published the draft guidelines today, 12 December, which will affect future planning applications and consideratio
12/12/2019

A new vision is set to developed for Lisburn's popular shopping complex Sprucefield Park. NewRiver has acquired the development after the previous owners withdrew their application. Lisburn & Castlereagh City Council have begun early engagement with NewRiver. Councillor Jonathan Craig, Chairma
12/12/2019

Modular Automation is set to expand its facility in County Clare with the acquisition of new land. The leading supplier of automation solutions for MedTech multinationals will acquire 8 acres of land for future development and 60K sq. ft of ready to go production space to support immediate capacit
12/12/2019

L'Derry-based contractor S Higgins Construction Ltd has been hit with a £10,000 fine over health and safety failings. The firm pleaded guilty to two breaches of health and safety legislation at Antrim Crown Court today, 12 December. Antrim farmer Richard McClure also pleaded guilty to two breaches
insuremyvan.ieHadleigh Print Ltd.Southern Crusher Spares LtdMcHale Plant Sales LtdJFC PumpsO&O ConservatoriesMagplyContainexKAVANAGH CRANE HIRE LTDIrish Sharman Guttering
Terms and Conditions