In Ireland, the government is set to increase the €500 credit for renters and introduce tax relief for small landlords in next month's budget. Minister of State Kieran O'Donnell said the government was now finalizing the details of the measures.
The government believes this integrated approach will reduce costs for tenants, keep more landlords in the market and encourage new ones to rent properties. If it works, it will lead to more homes being available for renters.
Minister O'Donnell said the change would give landlords more tax relief on their income. But Sinn Féin housing spokesman Eoin Ó Broin said monthly rents were too high and rising. He called for the budget to ban rent increases for three years with a credit worth one month's rent to each private tenant.
Many people believe that tax breaks for landlords will do nothing to address the deepening housing crisis. But Taoiseach Leo Varadkar indicated that tenants' rights also needed to be strengthened.
Various organizations have reiterated that any move to a tax credit for landlords is a mistake, adding that it will not help solve the housing crisis.
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