Mortgages with a total value of €1.3bn were now in arrears of three months or more. This represents 16pc of its €7.8bn buy-to-let mortgage book — up from 10pc in December. Low rents and difficulties finding tenants mean many buy-to-let investors lost money on their properties, director of Irish Mortgage Brokers Karl Deeter said.
Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Investment, Mortgages, property tax, Property tax, Savings, Section 23
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Tagged bank owned property, bank repo, distressed seller, forced sale, liquidation sales, repossession, vendors in liquidation
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Director of client advice firm, advisors.ie, Karl Deeter, said that ‘personal retirement savings accounts’ or PRSAs were created in an attempt to get more people to save for their retirement. He said they were billed as a universal solution with fixed fees and low costs, along with flexibility.
Also filed in ACCA, Accountancy, Accountant, Advisors.ie In the Press, Investment, Pensions, Savings
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Tagged accountants, benefit in kind on PRSA, bik, how to save, pension advice, pension planning, personal retirement savings account, prsa, savings advice, where to save
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The headline this week is from the famous quote that ‘the only sure things in life are death and taxes’. We have looked at death in the past from the perspective of Life Assurance, this week it’s about taxes – and more importantly, what to do if you can’t pay them or if you are not sure about your taxes. The good news is that the Revenue Commissioners in Ireland are a fairly effective bunch and the people there are well briefed and effective (this is no surprise as their duty is to make sure everybody pays up!). Revenue are well aware of the state of the economy, and that business
Also filed in Accountancy, Advisors.ie In the Press, Deposit Interest Retention Tax, Financial Advice, Income Tax, News of the World
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Tagged 2003 taxes consolidation act, deposit interest retention tax, DIRT, paye tax returns, revenue commissioners, tax deadline, tax questions, tax returns, taxation, taxation issues
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Fred Harrison talks about the way in which infrastructure spending can result in a wealth transfer which largely goes uncollected, compelling viewing.
We are told that there will be a €500m package announcement today which is described as a ‘jobs initiative’. Formerly it was to be known as a ‘jobs budget’ or an ‘alternative budget’ (note that in the link there is also talk of ‘renegotiating the bailout’ – so U-Turns are becoming commonplace), this is the first Irish ‘downgrade’ in a while that hasn’t involved S&P.
Deposit accounts are one of the safest places you can put your money, the issue with them traditionally has been that they tend to under-perform versus alternatives with some risk (like stocks and bonds). But that doesn’t mean you should only ever opt for risk, a steadily increasing plain vanilla deposit account can make a big difference over time, indeed, it lead Albert Einstein to once say that ‘the most powerful force in the universe is compound interest’.
Karl Deeter of Advisors.ie was mentioned in two papers, his commentary was via his role as Operations Manager with Irish Mortgage Brokers
Also filed in Accountancy, Advisors.ie In the Press, Banking, Economics, Financial Advice, Mortgages, tax relief at source
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Tagged accountancy dublin 2, accountants dublin city centre, advisors.ie, dublin accountants, financial advisers, financial advisors, irish mortgage brokers, tax relief, trs
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We had an opinion piece in the Sunday Business post this week on mortgages, the full version is in this posting, or you can get it on the Sunday Business Post website in the ‘news’ section.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, Property tax, tax relief at source
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Tagged borrowing, finance, financial advice, investment property, irish property market, mortgage market, mortgages, nama, sbpost, sunday business post, tax relief at source, trs
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This video is Fred Harrison doing what he does best, talking about the Henry George concept of rent seeking via land values and the need to tax same.
Georgism is a largely overlooked thesis unfortunately, but this is an opportunity to see one of its proponents putting forward a compelling case.
Figures compiled by Karl Deeter at Irish Mortgage Brokers showed that the size of the average first-time buyer mortgage peaked in the first quarter of 2008, at €251,000.
Also filed in Accountancy, Advisors.ie In the Press, Economics, Financial Advice, Mortgages, Property tax, tax relief at source
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Tagged accountants dublinn, advisors dublin, dublin 2 accountancy, end of trs, financial advice, tax relief at source, tax relief mortgages, trs, trs1 form
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