Results 3,161-3,180 of 5,580 for speaker:Paul McAuliffe
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Thank you. I will take my slot now. My colleagues can ensure I do not abuse the clock. We could talk about the entire housing market and that is what we do here on a weekly basis, and sometimes it is hard to pin it down to one area. I agree with the assessment we have had on the under-supply of public housing for a decade. The strong commitment to public housing on public land will help...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Is not the real factor about exiting the asset from the business at the end if they want to sell it, that is, the taxation responsibilities for selling a property from a company?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: If they were to sell the company as a limited company, are there much more onerous capital gains responsibilities than if selling as an individual?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: With regard to ongoing taxation, we have heard that companies can earn money and pay a lower corporation tax than an individual pays in income tax. Mr. Davitt is saying that is not a factor.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: If there are more attractive tax arrangements within a company and that would result in them paying less tax, why would they not do that?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: They pay the tax when it comes out.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Is that not true also for institutional investors in that they pay the tax when they take the money out of the company?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: If it was within a company, they could use it as a pension asset.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: That is my point. It seems a bit of a technical matter, but if we make it more attractive for taxation purposes, that does not necessarily impact the overall decision as to how that person manages the property and whether to sell it or not to sell it, or when to sell it. I turn to a second issue of tenancies offered by the local authorities. There is the possibility of ten-year or...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Any business on a long-term contract with a customer would make the same commercial decision. Would that be fair?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: The only reason I say this is because there is a lot of talk about equating it with other businesses, but there does not seem to be the understanding that we are not just managing trade but also managing the asset. It appears the flexibility to sell the asset is one of the things that is very attractive for the landlord. There has to be a tax implication for that too.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I will return to that in a later round. I call Deputy O’Donoghue.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Does anybody else want to come in on that point?
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: There are a few more speakers, from Fianna Fáil and Fine Gael, to complete the rotation and I will then do lámha suas for anybody else who wants to contribute. I will put a party ranking on it and I will be fair. Senator Fitzpatrick had to go to the Seanad and has asked me to take her slot. I want to pick up where I left off before. I am trying to investigate what is happening...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Of course.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: Ms McCormick is aware of issues facing members of the IPOA and I want to know what her experience is in this regard. I understand that some months, only an hour would be required because the landlord only has to process a form or whatever, whereas in other months, there will be 30 hours' work involved. I am just trying to gauge the level of responsibility involved and the input required by...
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I understand the responsibilities. My question is whether the time involved can be quantified.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: I hear that. I am not trying to trap people here. I am genuinely trying to quantify the time involved. The witnesses are saying it is a huge responsibility, there is an increased burden and so on. I just want to try to quantify that.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: The witnesses have not given me an answer but it might be a question they have not considered before. I am not hearing that there is a requirement for 500 hours or 300 hours a year. I do not know whether I am even hearing about a requirement for 50 hours a year.
- Joint Oireachtas Committee on Housing, Planning and Local Government: Private Rental Sector: Discussion (20 Sep 2022)
Paul McAuliffe: In the case of a property being rented for €2,000 a month, say, while I accept there might be capital repayments, taxation and all of the rest of it, if we look at investment versus return just from a work perspective, there are significant margins there.