Lower tax rate plan for landlords, and boat suspected of carrying drugs runs aground off Irish coast – The Irish Times | #daitngscams | #lovescams

Lower tax rate considered for landlords

Landlords could pay less tax on rental income in an effort to persuade them to stay in the market, under proposals put forward in advance of budget talks intensifying this week.

One proposal circulated by the Department of Housing is a “distinct income-based approach”, according to a source with knowledge of discussions, which could entail a lower rate of tax or increased exemptions for landlords.

While Minister for Housing Darragh O’Brien has been clear in his goal to do something in the budget for both landlords and tenants, tweaking the tax system to favour income from rental has been stiffly resisted in the past by the Department of Finance and would likely face significant pushback again.

Top News Stories

  • Boat suspected of carrying cocaine runs aground off Co Wexford: A boat gardaí believe was carrying a large consignment of cocaine has run aground off Co Wexford, with gardaí searching the waters on Monday night.
  • Contingency plans ordered ahead of health strikes next month: Voluntary groups and charities whose staff have said they will strike from the middle of next month have been asked by the Department of Health to make contingency plans to maintain essential services
  • Dublin City Council to buy notorious derelict Georgian House: One of Dublin city’s most notorious derelict buildings, a protected structure that began to collapse eight ago, is finally to be rescued by Dublin City Council.
  • Analysis: What is behind the sharp rise in Ireland’s population to almost 5.3m?: There are a lot of significant pluses and minuses in the latest population figures, which show a 97,600 rise in those normally resident in Ireland to 5.283 million. But two factors are key to driving the population higher – one is the arrival of Ukrainian refugees, while the other is the strong jobs market which continues to attract people to come and live here.
  • Fine Gael TD Charlie Flanagan announces retirement: Charlie Flanagan, former Fine Gael minister and TD, has said he will not contest the next general election. He becomes the latest in a growing list of Fine Gael TDs due to retire at the end of the current Dáil term.
  • Ireland’s weather today: Met Éireann has issued a weather warning with Storm Agnes set to make landfall on Wednesday morning. Met Éireann’s yellow wind warning is from 7am on Wednesday to midnight on Thursday for Leinster and Munster. It has also issued a status yellow rain warning for the counties of Carlow, Dublin, Kilkenny, Wexford, Wicklow, Cork, Kerry and Waterford for the same period.
  • Happening today: The former nightclub manager at the Stardust resumes his testimony to the Stardust inquest; Garda staff groups are set to discuss rosters with Garda management; and the Dáil is sitting with Leaders’ and Taoiseach’s Questions.

News from around the World

The Big Read

  • Banking scams: ‘I deposited €10,000 in the morning – it was gone by 4pm’: Every other day it seems I get an email asking me to “reschedule my package” and pay an unpaid shipping fee; of course, this involves giving up personal bank details that will then be used to defraud. Or there are text messages purporting to be from your bank, or phone calls from unusual numbers. Figures from the Banking & Payments Federation Ireland (BPFI) show that fraudsters stole almost €85 million as a result of frauds and scams in Ireland last year, writes Fiona Reddan.

The best from Opinion

  • This column is not what the mainstream media want you to hear: We need a new name for what you and I are involved in now – writing or reading articles on The Irish Times website or in the printed newspaper. For “mainstream media”, abbreviated in the jargon of anti-elitism to MSM, does not cut it any more. For one thing, everybody wants to play the outsider now. In his fabulously disingenuous retirement statement last week, Rupert Murdoch, arguably the most powerful media baron the world has ever seen, posed as a rebel upstart: “Elites have open contempt for those who are not members of their rarefied class. Most of the media is in cahoots with those elites, peddling political narratives rather than pursuing the truth,” writes Fintan O’Toole.

Culture and Life & Style highlights

Today’s Business

  • Citigroup expands Irish commercial banking amid wider jobs concerns: Citigroup said on Monday that it is expanding its Irish commercial banking activities. The announcement comes at a time of mounting concern that staff in its European banking hub in Ireland may be caught up in wider job cuts being planned across the US banking giant.
  • CRH shares jump over 3% in New York debut: Shares in CRH jumped 3.28 per cent on the first day of trading in New York to close out the day at $56.37 (€53.20). CRH shares had closed at €50.34 in Dublin last Wednesday, as it drew to an end an association with the exchange that went back 87 years.

Top Sports news

Picture of the Day

Letters to the Editor

Sir, – The article by Olivia Kelly “Reversing the dereliction of Dublin” on Saturday (Weekend Review, September 25th) was complemented by another article saying that “more than 12,000 homes and commercial properties are vacant across Dublin, with 40 per cent empty for more than four years – putting them at significant risk of dereliction” (News, September 26th).

What a shambles!

And in the middle of a housing crisis too.

If the State (mainly through county councils and local authorities) can compulsorily acquire land for motorway construction and road improvements what is to prevent the State compulsorily acquiring derelict properties in Dublin and elsewhere? – Yours, etc,

DAVID McCABE, Shankill, Dublin 18

Video & Podcast Highlights

  • In the News: Is Lough Neagh dying?: Freshwater lake now contaminated by blooms of poisonous blue-green algae

Review of the day

Why not try one of our Crosswords & Puzzles?

Like this?

Get the best content direct to your inbox by signing up to one of our newsletters

Click Here For The Original Source

. . . . . . .