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A €700,000 home has annual LPT around €618, depending on the council. https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-band
by CalRobert 1y ago
A €700,000 home has annual LPT around €618, depending on the council. https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/valuation-bands-rates.aspx https://www.revenue.ie/en/property/local-property-tax/valuin...
To me, a tax of under 0.1% is pretty close to 0. If only ETF's enjoyed the same treatment, it might be easier to save up for a deposit!
We agree that scarcity is what makes houses more expensive.
Edit: I can't reply to below but ETF's suffer from deemed disposal, where even unrealized gains are taxed at 41% after holding them for 8 years. https://irishfinancial.ie/how-you-calculate-deemed-disposal/ https://irishfinancial.ie/how-you-calculate-deemed-disposal/
- sokoloff 1y ago> If only ETF's enjoyed the same treatment Isn't the annual property/wealth tax on an ETF €0?
- CalRobert 1y ago(For some reason I thought I couldn't reply) ETF's suffer from deemed disposal, where even unrealized gains are taxed at 41% after holding them for 8 years. https://irishfinancial.ie/how-you-calculate-deemed-disposal/ https://irishfinancial.ie/how-you-calculate-deemed-disposal/ Weirdly, individual stocks are not affected by this, which encourages riskier behaviour on the part of investors. I really don't understand it.