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.

-- Advertisement --

"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

16/04/2021

Dublin City Council has approved proposals to build over 200 new homes in the city. Under its Housing Delivery Programme, City Councillors approved the following key proposals at their recent monthly meeting: Part 8 Planning Permission for the construction of 46 quality new one-bedroom apartment
16/04/2021

The Climate Enterprise Action Fund has launched in Ireland with an initial allocation of €10million. The fund, which will be administered by Enterprise Ireland, will help businesses take action to drive down their emissions and embed sustainability in how they work. AnTánaiste Leo Varadkar T.D.sai
16/04/2021

Plans for the proposed change of use and refurbishment of buildings at Ebrington Square in L'Derry have been given the green light. Extensive work has already been completed in the development of the significant site, and the decision is the next step in the plans to transform the existing building
16/04/2021

Essential work has been carried out to restore the water supply in parts of Kildare, Dublin. The work took place following an interruption to supply caused by an issue at Old Kilcullen reservoir. Crews worked to resolve the issue as quickly and as safely as possible in line with COVID-19 protocols.
16/04/2021

A total of £21,000 has been allocated to progress further with the regeneration of St Columb's Park in L'Derry. Members of Derry City and Strabane District Council’s Environment and Regeneration Committee were informed that since the endorsement of the Regeneration Masterplan Full Planning Permissi
16/04/2021

Work on a £180,000 project to provide lighting along the Banbridge Riverside Walk in County Down has been completed. Funded by the Department for Infrastructure's blue/green infrastructure fund, the Armagh City, Banbridge and Craigavon Borough Council project will provide lighting along the 0.84 km
15/04/2021

Work to improve the security of water supply in Lanesborough has been completed. The works involved the replacement of 350 metres of old and problematic water mains along a short stretch of road adjacent to Rathcline GAA Club that were prone to frequent bursts and leakage, causing water supply disr
15/04/2021

New regulations have been signed which will mean that school extensions and additional buildings will be exempt from applying for planning permission, subject to conditions. Peter Burke, the Fine Gael Junior Minister at the Department of Housing, Local Government and Planning has signed the new reg
15/04/2021

Work is to commence on a £500,000 road resurfacing scheme in Larne. The work will take place on the A35 Shaneshill Road and is scheduled to begin on Monday 9 April. The scheme extends from 500m west of Killylane Reservoir for 3.7km towards Upper Ballyboley Rd Larne. Work is expected to be complete
15/04/2021

The Green Party has brought an emergency motion to protect the heritage and unique historical and cultural value of Moore Street in Dublin in any future city development plans. The motion has been initiated by Green Councillor Donna Cooney, who is also Chair of the Lord Mayor’s Forum on Moore Stree
ContainexMagplyVentcore Natural Thermal Air VentilationO&O ConservatoriesSLG Traffic ManagementSnickers WorkwearG & S Metal Fabrications LimitedOliver Crampton & Sons LtdMichael McDonough Plant Sales LtdEnviroform Solutions
Terms and Conditions