Property Tax & Property Tax Allowances

 

INTRODUCTION | DIFFERENTIATING FACTORS | DOWNLOAD BROCHURE

Introduced by the Irish Government in the late 1980's/early 1990's, the Section 23 property tax allowance scheme has been a huge success given that it allows owners of these properties to enjoy a 90% tax break on the overall price of the property.

Tax avoidance is a major benefit for the owner of these properties as they would otherwise have to pay hefty tax on their rental income.

Please contact Tom McNamara directly on 087 2577764 or 065 6866568.

 

Property Tax Allowances with Toureen Estates

The key factors which differentiates this scheme from other Section 23 Type Holiday Cottage investments around the country are as follows:

1) The property tax scheme has already been operating for 3 years and has built up a sustainable turnover of €8,500 per unit.

2) The normal peak holiday season from June to August is 25% extended to end of September in Lisdoonvarna because of the Matchmaking Festival. During this period we achieve 100% occupancy over 4 to 5 weeks of September.

3) We are hands on in managing the scheme as we do not manage other schemes around the country. All of our marketing efforts are focused on Lisdoonvarna Holiday Cottages resulting in increased year on year turnover and we have already built up substantial repeat business of which you can now take advatnage of.

4) The rental guarantees will be in the form of an independent Bank Guarantee to individual investors.

5) Toureen Estates have a track record in fulfilling their commitments for rent guarantees and management in a previous scheme in Lisdoonvarna so you are dealing with experts who know this industry in great detail.

6) The new North Clare Amenity Park has recently been completed in Lisdoonvarna at a cost of €3.50 million. It includes new sports field running track, playground, Theatre and childcare facilities. The centre is now attracting training camps at weekends from athletes and teams for hurling, football, rugby and athletics which is generating business for the holiday homes in the off peak holiday season.

To find out more about how Toureen Estates can save you money on property tax allowances, contact Toureen Estates NOW!

 

Benefits of Property Tax Breaks & Tax Shelters

Avoid paying tax on rental income via Section 23 property.

Low cost of entry.

Save 90% tax on price of property.

Property tax relief can be enjoyed in the first year if the property owner has a high enough level of rental income.

For more information on the benefits you can enjoy with our property tax breaks & shelters, contact Toureen Estates NOW!

 

Rental Guarantees - how much?

Toureen Estates sell Section 23 properties that have a guaranteed annual rental income of €8,000 per annum so you are assured this as a minimum yearly return.

You can also make substantial tax savings on capital allowances - to find out more about saving money via our property tax shelter scheme, contact Toureen Estates NOW!