Stopping landlords leaving the market 'critical' to address housing crisis

Accountancy body calls for tax cuts for individual landlords

'A reduction in CGT to 20% would also release residential property back into the property market for younger generations.'

Ireland's accountants say the Government sees the private rental market as a source of taxes rather than part of the solution to the housing crisis and has called for tax cuts for individual landlords.

The Consultative Committee of Accountancy Bodies-Ireland (CCAB-I) which represents more than 50,000 accountants, has called for capital allowances for upgrades to rental properties and wants property taxes to be allowed as a deduction against rental income.