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

21/03/2019

Plans for a €31 million wind project off the coast of Belmullet in Co Mayo has been approved. The four-year scheme will see the first full-scale floating wind turbine deployed for testing at the Sustainable Energy Authority of Ireland test site within three years. It is being delivered with fund
21/03/2019

Northern Ireland construction firm Farrans has won a major contract in Edinburgh alongside joint venture partners Sacyr UK and Neopul. The JV will deliver the Infrastructure and Systems contract for the Edinburgh Tram York Place to Newhaven project. It involves design, construction, system integra
21/03/2019

SDLP Spokesperson for Infrastructure Sinead Bradley MLA has said that statistics published by the Department for Infrastructure, highlighting that only four out of eleven local councils are meeting their fifteen week targets to process planning applications, are an "absolute shambles". Ms Bradley ad
21/03/2019

A new policy document has been launched to help improve energy efficiency in housing across the country. The Sinn Féin document raises concerns about the monitoring of the implementation of the Near Zero Energy buildings directive, the accessibility of the SEAI grant funding and the lack of incent
21/03/2019

A joint venture between John Craddock/TES (NI) is set to begin work on a water mains project in Balbriggan, Co Dublin. The Irish Water project will involve constructing a new 6km water main from Jordanstown Reservoir to Kilsough Reservoir. Work will commence on 25 March at the Five Roads Junction
21/03/2019

Ongoing work on the North-West Transport Hub at the former Waterside Train Station in L'Derry is set to cause a line closure next weekend, from Friday 29 March to Monday 01 April. The major Translink project is part of a £27 million investment from the European Union's INTERREG VA Programme, manage
20/03/2019

The first major build project has been delivered under Limerick's historic 20-year action plan. 'Limerick 2030 an Economic and Spatial Plan for Limerick' sets out a clear framework that integrates economic development with spatial planning. A milestone was celebrated on the action plan with the
20/03/2019

The £27 million North West Multi-Modal Transport Hub project is taking shape in L'Derry. Contractor Farrans is making good progress on the project ahead of its scheduled completion in late 2020. The construction firm, working in Joint Venture partnership with railway engineers, Rhomberg Sersa, i
20/03/2019

Local councils in Northern Ireland are set to take on the role of licensing authority for Houses in Multiple Occupation (HMO) next month. The move will come into effect from 01 April under The Houses in Multiple Occupation Act (Northern Ireland) 2016. This will give local authorities power to re
20/03/2019

The development of play and recreation facilities is to be boosted with a new government funding increase of €200,000. Announced by Minister for Children and Youth Affairs Dr Katherine Zappone TD, this year councils across Ireland can apply for funding for projects under the Capital Grant Scheme f
Flynn Crane Hireinsuremyvan.ieLMD DevelopmentsTurboChip Ireland LtdGKTRTS Heating & CoolingConway Piling Ltd.Fleming DoorOMP OMeara Plant PartsProject ADR
Terms and Conditions