Should we exempt non-homeowners from Capital Gains Tax?

[theyshootPDsdontthey]

Well how about tax relief to the same scale as that applied to mortgages?

I know three couples who owe their ability to pay for current dwellings entirely to MTR, so the notion that it is "nothing" is not tenable.

You get pretty much the same amount of tax relief on rent as you do on mortgage repayments, and has already been pointed out, home buyers have to pay Stamp Duty and VAT, which renters do not.

This is a silly suggestion.

The tax relief on rent is nothing compared to Mortgage Ineterst Relief esp. for those under 65.

Secondly, a FTB doesn't pay Stamp Duty neither do those recently separated.

[feargach]

'simply to tax the general population'. I thought you guys were all dead. tax 'em hard and often is gone. thank jesus and all his holy saints. I'll decide how to spend MY money thanks very much, even if it is for an over-priced house. its my money, my decision.

The point is, if you're going to exercise your freedom go into six figure debt to overpay for a substandard house, why should everyone else be forced to subsidise it through a special tax break only available to those with mortgages?

Your freedom to swing your fist ends where another person's nose begins.

If a hospital is underfunded because of 50,000 people claiming tax breaks for mortgages on overpriced shoddily made houses, it becomes a legitimate issue.

[feargach]

if you want to do anything with CGT do it in such a way as to:
(1) Incentivize the taking out of pensions by young workers....get them started early, right from the first job.
(2) Incentivize investments in startups rather than bricks and mortar.
(3) Create a new class of bond to fund productive activites with long payback times ....stuff like infrastructurem r&D, renewable energy projects....and exempt those bonds from cgt

Yeah, I'm with you there, although I still think renters should get some lighter tax treatment to even the scales re the inequities of the mortgage tax break.

[revereie]

FFS - Irish government securities are already CGT-exempt.

Why do people contribute inane posts without checking their facts.

Feargach - when did you buy ? So young and so bitter !

mortgages on overpriced shoddily made houses, it becomes a legitimate issue

Please back up with facts/figs (i) overpriced detail and (ii) shoddily made. And don't give me that questionable suspect stat of Irish house prices compared to the Euro average e.g. diff countries, different land-areas, any number of reasons why prioces would differ between Ireland and Europe. Your analysis within an Irish context please.

[revereie]

Also befopre anyone 'separates' in order to buy a house sans stamp-duty - look at the small print. Its not quite so simple.

[feargach]

FFS - Irish government securities are already CGT-exempt.

Why do people contribute inane posts without checking their facts.

Feargach - when did you buy ? So young and so bitter !

mortgages on overpriced shoddily made houses, it becomes a legitimate issue

Please back up with facts/figs (i) overpriced detail and (ii) shoddily made. And don't give me that questionable suspect stat of Irish house prices compared to the Euro average e.g. diff countries, different land-areas, any number of reasons why prioces would differ between Ireland and Europe. Your analysis within an Irish context please.

Well prices are certainly falling pretty much everywhere in the English-speaking world, which implies them being currently overpriced.

I stand by shoddily made: few houses built since Reynolds resigned as Taoiseach have been up to the minimum heating efficiency standard.

[iago]

FFS - Irish government securities are already CGT-exempt.

Why do people contribute inane posts without checking their facts.

Feargach - when did you buy ? So young and so bitter !

mortgages on overpriced shoddily made houses, it becomes a legitimate issue

Please back up with facts/figs (i) overpriced detail and (ii) shoddily made. And don't give me that questionable suspect stat of Irish house prices compared to the Euro average e.g. diff countries, different land-areas, any number of reasons why prioces would differ between Ireland and Europe. Your analysis within an Irish context please.

Well prices are certainly falling pretty much everywhere in the English-speaking world, which implies them being currently overpriced.

I stand by shoddily made: few houses built since Reynolds resigned as Taoiseach have been up to the minimum heating efficiency standard.

bull. you dont know what you are talking about.

[feargach]

Well, I only know what the Market Most Holy tells us: houses cost too much, hence declining prices.

Are you suggesting that we can afford to be profligate regarding house heating efficiency?

[irishpeoplearewhingers]

FFS - Irish government securities are already CGT-exempt.

Why do people contribute inane posts without checking their facts.

Feargach - when did you buy ? So young and so bitter !

mortgages on overpriced shoddily made houses, it becomes a legitimate issue

Please back up with facts/figs (i) overpriced detail and (ii) shoddily made. And don't give me that questionable suspect stat of Irish house prices compared to the Euro average e.g. diff countries, different land-areas, any number of reasons why prioces would differ between Ireland and Europe. Your analysis within an Irish context please.

correct...they bonds themselves already would be...i would be on for extending that to some of the dividends from the projects themselves...eg. if the the bonds were only one funding option