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Thread: Revenue target struggling homeowners

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    Politics.ie Member
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    Default Revenue target struggling homeowners

    Seems like Revenue want to hasten mass default by Irish mortgagors. It's a bit like an elephant on a pond jumping up and down to keep warm oblivious to the fact that the ice is going to crack.

    http://www.herald.ie/news/more-home-...ut-3321359.htm

    Isn't really going to affect me as I am resigned to losing my house anyway, but if enough people decide that they can't pay, and therefore won't pay, the Govt. will have a bigger crisis on its hands than the NAMA debacle.

    D

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    Politics.ie Member tigerben's Avatar
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    Revenue are now with the government blessing the Irish mafia. It will end up with revenue commissioners not the army having a bloodless coup in Ireland.

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    Politics.ie Member hammer's Avatar
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    So the Revenue are cutting off their tax relief when they aren`t making payments.

    What is wrong with that, the idea of the tax relief is to make it sustainable that they make repayments.

    We cant have it every way.

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    Politics.ie Member Sync's Avatar
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    Here's the working link: More home loan agony as relief cut - News, Frontpage - Herald.ie

    Are you complaining that people who aren't repaying their mortgage are not going to get the relief they only get because they're repaying a mortgage. Seriously? Why aren't you complaining that all the taxpayers who don't have mortgages aren't getting mortgage relief either?
    I'm living in America, and in America, you're on your own. America's not a country. It's just a business. Now f***ing pay me.

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    Politics.ie Member gerhard dengler's Avatar
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    Tax Relief at Source (TRS) was never conditional upon whether or not the mortgage was being repaid or not, until now.

    Therefore the OP is correct.
    Politics.ie moderators should moderate instead.
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    How can someone get tax relief for something they are not paying for?

    Surely restricting this means a bit more for those who are paying?

    I'm not criticising those who can't pay, just saying like.

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    Politics.ie Member tigerben's Avatar
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    Its like kicking them when their down, kick , and kick again to make sure there's no way up.

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    Quote Originally Posted by tigerben View Post
    Its like kicking them when their down, kick , and kick again to make sure there's no way up.
    No. It is about being equitable. I dont want to pay for your tax relief and your default. That is unfair to me.

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    Politics.ie Member tigerben's Avatar
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    Quote Originally Posted by captainwillard View Post
    No. It is about being equitable. I dont want to pay for your tax relief and your default. That is unfair to me.

    The banks were given out levels of money they knew people couldn't pay back. When we brought our house, we had no kitchen , no fireplace , had a microwave and garden table and chairs. The banks were saying to us " here's more money, do it right " but I told them I wasn't paying 20 years for a kitchen and three piece suites that would only be a memory in a photograph. The government keep changing goal posts, a few gaols might get through , but they keep scoring own goals.

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    Politics.ie Member gerhard dengler's Avatar
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    Quote Originally Posted by captainwillard View Post
    I dont want to pay for your tax relief and your default.
    How are you paying for someone else's tax relief?

    Separately you are paying for their default if their mortgage is with one of the 6 covered banks and their loan goes in to arrears.
    You can blame Lendahand for that and you can blame Noonan for continuing this policy.
    Politics.ie moderators should moderate instead.
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