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 Post subject: Re: The Social Housing Costs Thread
PostPosted: Thu Aug 09, 2018 6:10 pm 
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Back Home with Mammy

Joined: May 23, 2009
Posts: 66
I think they made 65 million last year. I wonder how much tax they paid...

Look at their board and shareholders...the usual cute hoor insiders. Except for the billionaires...

What’s that saying the French have about change...


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 Post subject: Re: The Social Housing Costs Thread
PostPosted: Thu Aug 09, 2018 8:36 pm 
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Of Systemic Importance

Joined: Nov 4, 2011
Posts: 5867
Location: SthDub
syberspud wrote:
I think they made 65 million last year. I wonder how much tax they paid...

Look at their board and shareholders...the usual cute hoor insiders. Except for the billionaires...

What’s that saying the French have about change...

Sure aren't they practically tax exempt except for property taxes...from their 2017 final report:
Quote:
I-RES does not pay Irish corporation tax on the profits and gains
from its qualifying rental business in Ireland, provided it meets certain
conditions.


Where as the ordinary landlord who might only have the 1 gaff must pay tax at 51% on profits if he has income over 35k from his main day job


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 Post subject: Re: The Social Housing Costs Thread
PostPosted: Thu Aug 09, 2018 8:40 pm 
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Joined: Jun 16, 2007
Posts: 2905
Location: Oighearland
syberspud wrote:
I think they made 65 million last year. I wonder how much tax they paid...

Look at their board and shareholders...the usual cute hoor insiders. Except for the billionaires...

What’s that saying the French have about change...


I miscalculated , their profit was €19m for the first 6 months of this year. going by 2,600 properties that works at €8k per property, or €16k per annum er property.

from february this year where they report €65m rofits. I cant understand where the figures are coming from unless revenue and rents from rental properties are separate https://www.rte.ie/news/business/2018/0 ... t-results/

Quote:
Ireland's biggest private residential landlord, I-RES REIT, has said that revenue from its investment properties rose to €44.7m for the year to the end of December, up from €38.8m the previous year.

I-RES REIT said that net rental income from its properties in Dublin increased to €36.3m from €30.6m.

The company's profit for the year rose to €65.1m from €47m and it reported basic earnings per share of 15.6 cent, up from 11.3 in 2016.

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