Auctioneers seek return of amended Section 23 tax incentives

Measure was criticised in the wake of the property crash

In their pre-budget submission, the Institute of Professional Auctioneers & Valuers (IPAV) said the relief would enable an investor to offset taxable rental income for buying a new property for rental purposes. File picture

Ireland's property auctioneers are urging the Government to re-instate Section 23 tax incentives to encourage investment in the market and increase the level of properties available for rent.

In their pre-budget submission, the Institute of Professional Auctioneers & Valuers (IPAV) said the relief would enable an investor to offset taxable rental income for buying a new property for rental purposes.