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 THE "MAGIC FIX"...HOUSING CRISIS

 

 The fallout from the Eviction bill has made itself evident all across the country.

 

ÉIA propose the following...

 

  • ÉIA believe Irish Property bought by Foreign agents since 2008 should pay 75% tax on gains from sales (foreign vulture tax)

 

  •  ÉIA will introduce an (Irish vulture tax) on sales

 

                                                       @25% if over 2 times or 2x the value paid since 2008

                                                       @30% if over 2.5 times  or 2.5x the value paid since 2008

                                                       @35% if over  3 times or 3x the value paid since 2008

                                                       @40% if over 3.5times  or 3.5x the value paid since 2008

                                                       @50% if over 4 times or 4x the value paid since 2008

 

  • ÉIA believe property tax should only be paid on properties lying idle, i.e. not for sale or rent.

 

  • ÉIA will introduce a special Vulture property tax on any properties bought since 2008 that are lying idle @25% of property value paid per year.

 

ÉIA will introduce a RENTAL CAP TFA PLAN(RCTFA) that is between 1.5 times or 1.5x and 2 times or 2x the value of property the landlord/agent bought it for.  This will allow landlord/agent to add their property gains to an annual tax free allowance which can be subtracted from gross income leaving their taxable income. However choosing this option will not allow a landlord/agent to add their receipts for wear and tear to their annual TFA.

 

ÉIA will introduce a WEAR AND TEAR TFA PLAN(WATTFA) that is up to 1.5 times or 1.5x the value of property a landlord/agent bought it for.  This will allow landlord/agent to add gains and receipts of wear and tear to an annual tax free allowance which can be subtracted from gross to leave their taxable income.

 

 

RCTFA example: if mortgage was/is 400euro pm the RCTFA is 2x capped@800euro pm,  This will mean that up to 400europm can be added to an annual TFA on Landlord/agent salary/gross income subtracting this TFA from gross salary will leave taxable income. However landlord/agent will not enjoy the wear and tear tax free allowance and will not be able to add receipts to their annual TFA.

 

WATTFA example: if mortgage was/is 400euro pm the WATTFA is 1.5x capped @600euro pm. This will mean that a landlord/agent will be able to add all receipts of wear and tear to their annual tax free allowance and up to 200europm gains.

 

Landlord/agent will be able to choose between the 2 rental cap options on a per property basis

 

Any properties where the value paid for is unknown i.e. squatted/acquired without proof of purchase will have to be valued before either rental cap option can be implemented and will be emergency taxed @75% until landlord/agent does get the property valued. Landlord/agent must choose either one of the 2 rental cap options before getting their property valued  Emergency tax  can be claimed back after property is valued.

 

Landlord/agent that does not adopt either one of the rental cap options will be fined 150,000euro per property and the state will seize their property on a per property basis.

 

landlord/agent annual TFA can not exceed 25% of gross income .

 

  • ÉIA are 100% committed to abolishing CAT (inheritance tax) on a maximum of 1 house (family home) and up to 200K for all Irish citizens. (may not be in 1st budget)

 

            MORTGAGE RULES/EVICTION BILL

 

ÉIA believe:

 1 - Rental records should be allowed to be shown as proof that one can afford a mortgage.

 

2 - If mortgage holders get into difficulty, the agreed length of loan should be extended to reduce the monthly payments.

 

3 - Children/family members of mortgage holder should be allowed to continue paying the mortgage, if they get into difficulty.

 

4 - The passing of the Eviction Bill just lead to Vulture funds buying our property assets  on the cheap, many mortgage holders lost their property, when some other arrangement should have been made. The eviction bill at least needs to be  amended.

 

5 - Credit unions should be able to compete without regulation from the Central bank and/or a new National bank must be set up without any influence from the central  bank.

 

 

ÉIA would like to see the credit unions and AN Post work together and expand into new areas of business.

 

ÉIA believe we need to stop outsourcing to private companies and stop paying millions of Euros on consultation and advice, a bit of cop on is all that's required in all areas and across the board.

 

FG, FF and others are out to destroy this country of ours and sell it to their globalist masters, surely that is obvious at this stage.