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Revenue target struggling homeowners


DuineEile

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Aug 29, 2010
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14,939
Seems like Revenue want to hasten mass default by Irish mortgagors. It's a bit like an elephant on a pond jumping up and down to keep warm oblivious to the fact that the ice is going to crack.

http://www.herald.ie/news/more-home-loan-agony-as-relief-cut-3321359.htm

Isn't really going to affect me as I am resigned to losing my house anyway, but if enough people decide that they can't pay, and therefore won't pay, the Govt. will have a bigger crisis on its hands than the NAMA debacle.

D
 

tigerben

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Sep 21, 2010
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Revenue are now with the government blessing the Irish mafia. It will end up with revenue commissioners not the army having a bloodless coup in Ireland.
 

hammer

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Jul 6, 2009
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So the Revenue are cutting off their tax relief when they aren`t making payments.

What is wrong with that, the idea of the tax relief is to make it sustainable that they make repayments.

We cant have it every way.
 

Sync

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Aug 27, 2009
Messages
28,845
Here's the working link: More home loan agony as relief cut - News, Frontpage - Herald.ie

Are you complaining that people who aren't repaying their mortgage are not going to get the relief they only get because they're repaying a mortgage. Seriously? Why aren't you complaining that all the taxpayers who don't have mortgages aren't getting mortgage relief either?
 

asset test

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Oct 3, 2008
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14,812
How can someone get tax relief for something they are not paying for?

Surely restricting this means a bit more for those who are paying?

I'm not criticising those who can't pay, just saying like.
 

tigerben

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Sep 21, 2010
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Its like kicking them when their down, kick , and kick again to make sure there's no way up.
 

tigerben

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No. It is about being equitable. I dont want to pay for your tax relief and your default. That is unfair to me.

The banks were given out levels of money they knew people couldn't pay back. When we brought our house, we had no kitchen , no fireplace , had a microwave and garden table and chairs. The banks were saying to us " here's more money, do it right " but I told them I wasn't paying 20 years for a kitchen and three piece suites that would only be a memory in a photograph. The government keep changing goal posts, a few gaols might get through , but they keep scoring own goals.
 

gerhard dengler

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Feb 3, 2011
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I dont want to pay for your tax relief and your default.
How are you paying for someone else's tax relief?

Separately you are paying for their default if their mortgage is with one of the 6 covered banks and their loan goes in to arrears.
You can blame Lendahand for that and you can blame Noonan for continuing this policy.
 

captainwillard

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Mar 2, 2010
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2,897
The banks were given out levels of money they knew people couldn't pay back. When we brought our house, we had no kitchen , no fireplace , had a microwave and garden table and chairs. The banks were saying to us " here's more money, do it right " but I told them I wasn't paying 20 years for a kitchen and three piece suites that would only be a memory in a photograph. The government keep changing goal posts, a few gaols might get through , but they keep scoring own goals.
It was your choice to buy. Now you want interest relief and dont want to pay your mortgage. So I will pay twice through my taxes for your incompetence and selfishness, once though interest relief and again when you default. There is only one pot of money for all.
 

Cassandra Syndrome

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Taxation is theft.
 

Dunlin3

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Jan 31, 2009
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So let me get this straight. Those that cannot or will not pay their mortgage still expect the state to pay a tax relief based on a mortgage that they aren't paying. Is this a joke?
 

captainwillard

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So let me get this straight. Those that cannot or will not pay their mortgage still expect the state to pay a tax relief based on a mortgage that they aren't paying. Is this a joke?
Yes that seems to be the case. And the OP expects sympathy as he plays the dog in the manger routine.
 

lying eyes

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Apr 27, 2009
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So let me get this straight. Those that cannot or will not pay their mortgage still expect the state to pay a tax relief based on a mortgage that they aren't paying. Is this a joke?

No. That is what it means to be Irish-me -me -me...........
 

tigerben

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Sep 21, 2010
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It was your choice to buy. Now you want interest relief and dont want to pay your mortgage. So I will pay twice through my taxes for your incompetence and selfishness, once though interest relief and again when you default. There is only one pot of money for all.
I don't have mortgage relief, I am paying my mortgage, so don't think your paying for me!
 

gerhard dengler

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@ willard

How are you paying for someone else's tax relief?

Separately you are paying for their default if their mortgage is with one of the 6 covered banks and their loan goes in to arrears.
You can blame Lendahand for that and you can blame Noonan for continuing this policy
 

captainwillard

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Mar 2, 2010
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2,897
@ willard

How are you paying for someone else's tax relief?

Separately you are paying for their default if their mortgage is with one of the 6 covered banks and their loan goes in to arrears.
You can blame Lendahand for that and you can blame Noonan for continuing this policy

There is only one pot of money. The taxes are collected from me and I fund the banks. That me is millions of working people in the country by the way. Why should the OP get tax relief for a mortgage he does not pay? Who pays for this? Me and millions like me.

Stop being so obtuse gerhard? You are an intelligent poster, even if I dont agree with you a lot of the time.
 

stopdoingstuff

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Feb 26, 2011
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No, we have already paid for the default We pumped the bank full of capital so to cover the losses they were going to take.
 

gerhard dengler

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Feb 3, 2011
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There is only one pot of money. The taxes are collected from me and I fund the banks. That me is millions of working people in the country by the way. Why should the OP get tax relief for a mortgage he does not pay? Who pays for this? Me and millions like me.

Stop being so obtuse gerhard? You are an intelligent poster, even if I dont agree with you a lot of the time.
Willard, tax relief at source was not conditional upon whether or not the mortgage was being repaid. Not until now that is.

You're not out of pocket in terms of funding TRS.

You will most certainly be out of pocket if and when mortgage holders at the 6 Covered Lenders go in to arrears.
 
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