Lower tax rates are needed to keep small landlords in the market, claim surveyors

"The Coalition must introduce lower tax rates for small landlords as a way to keep them in the market and not further exacerbate the rental crisis, the Society of Chartered Surveyors Ireland (SCSI) has claimed in a submission to government."

"In its pre-budget submission, the SCSI said Rent Pressure Zones had the unintended consequences of restricting new supply and delaying investment decisions necessary to expand rental accommodation for tenants."

Lower tax rates for small landlords are necessary to keep them operating in the market and to prevent further worsening of the rental crisis. Rent Pressure Zones have produced unintended consequences by restricting new supply and delaying investment decisions needed to expand rental accommodation for tenants. Reduced tax burdens for small landlords would improve their incentives to retain and add rental properties, accelerating investment and increasing available stock. Policy adjustments that balance tenant protections with measures to sustain private rental supply are required to address supply shortages and ease pressures on the rental sector.

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