Following the news that fewer homes were built in 2024 than in 2024, there have been calls for the reintroduction of Section 23 tax breaks.
Following the news that fewer homes were built in 2024 than in 2024, there have been calls for the reintroduction of tax breaks.Tax breaks for developers would mean “going back to the worst of the bad old days”, a columnist has claimed.
“Everything that we are doing is going back to the worst of the bad old days talking about loosening banking rules, giving incentives to builders. “The Society of Chartered Surveyors did an exercise back in 1991 and they were showing that on your really cheap two bedroom apartment costing, say, €360,000 the construction costs were only €177,000 and the site was only €30,000,” he said.
“The biggest one of all is margin; the profit they’re making on everyone of these units is enormous.”
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