By Fiachra Ó Cionnaith, Eamon Quinn, and Daniel McConnellThousands of landlords will be given millions of euro worth of Budget 2019 tax breaks to stop them from fleeing the market before any fresh clampdowns are introduced. Paschal Donohoe pictured as he announced last year's BudgetThe Irish Examiner understands the Government will confirm tomorrow that landlords will be given 100% mortgage interest relief on any loan used to pay for a rental property from next year. As part of a wider package, which will also include a long-term €300m affordable housing plan, the Government will outline new tax breaks for landlords. The Irish Examiner understands that the plan, which will be unveiled during tomorrow’s budget, will include:A new scheme allowing landlords to write off 100% of their mortgage interest repayments on loans used to buy their rental property. Mr Coffey said while the extra money is like striking “oil”, “those revenues will drop as they run out”.

Source: Irish Examiner October 08, 2018 04:41 UTC