Interesting read
I guess I come down on the side of....."fortune favours the brave" and the current tenants could have purchased in 2008 in the downturn......and saying now that things are rosy......they want to buy in at 2008 depressed prices....or continue renting at depressed 2008 prices doesn't help with reality.
As for Ireland missing out on their taxes.....this is why we need to be in a consumption based tax economy, its the spending point that is taxable not the back end profits when you can incorporate anywhere else in the world and sub out profits (one of the reasons I'm strongly for stamp duty in NSW property purchases even though it hurts personally every time we buy).
As for Ireland missing out on their taxes.....this is why we need to be in a consumption based tax economy, its the spending point that is taxable not the back end profits when you can incorporate anywhere else in the world and sub out profits (one of the reasons I'm strongly for stamp duty in NSW property purchases even though it hurts personally every time we buy).
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