Property Owners Association of Ireland Limited (IPOA) (Irish Property Owners Association (IPOA))

Lobbying Organisation Property Owners Association of Ireland Limited (IPOA)

Date published 17 Jan, 2024

Relevant Matter Matters involving public funds

Public Policy Area Finance

Period 1 Sep, 2023 to 31 Dec, 2023

Specific Details Budgetary Measures required to prevent the exodus of residential landlords

Intended results To provide an understanding of the situation of landlords in Ireland and the necessary role they play in providing homes. The IPOA recommends that a new rate of tax on residential rental income of 25% (inclusive of USC and PRSI) is introduced for residential rental profit, as a means of dealing with the housing emergency. This action will encourage private investors to stay in the market and support new investment. The IPOA supports tax relief for property owners who remain loyal to the market. Owners who commit to remaining in the market for a period of seven years should enjoy a CGT relief when they eventually exit. The IPOA is seeking a reduction in Capital Acquisitions Tax (CAT) on the inheritance of residential investment properties. Many families are forced to pay large CAT bills on the inheritance of a residential property, which very often forces the beneficiary to sell the property to fund the taxation payment. This has the direct impact of further losses of rental stock.

Name of person primarily responsible for lobbying on this activity Mary Conway IPOA Chairperson

Did any Designated Public Official(DPO) or former Designated Public Official(DPO) carry out lobbying activities on your behalf in relation to this return? You must include yourself, and answer Yes, if you are a current DPO or a DPO at any time in the past. (What is a Designated Public Official?) No

Did you manage or direct a grassroots campaign? No

Was this lobbying done on behalf of a client? No

Lobbying activity

The following activities occurred for this specific Subject Matter Area.

Submission (1)

Pre-Budget Submission

Designated public officials lobbied

The following DPOs were lobbied during this return period on this specific Subject Matter Area. These DPOs were involved in at least one of the Lobbying Activities listed above, but not necessarily all of them. As returns are specific to a Subject Matter Area the above Lobbying Activities may be associated with multiple returns.

Michael McGrath Minister (Department of Finance)