A Mayo Councillor has called for smaller landlords to be exempt from tax on the income they earn on second properties.

Killala based Fine Gael Cllr Jarlath Munnelly had a motion down at this week’s monthly meeting of Mayo County Council asking the Minister for Finance to exempt income generated from private rented accommodation from taxation in next year’s budget.

Cllr Munnelly stressed that this was aimed at the small landlords, who only have one or two properties.

He said it would allow landlords to rent out these properties at a reasonable rate, which could help to alleviate the housing crisis.

Cllr Munnelly says many properties around the county are vacant at present, because these smaller landlords cannot afford the taxation on the income generated by them.

The motion received the backing of his fellow councillors at the meeting.

0
0
0
s2smodern

Latest News