Wednesday, December 29, 2010

RESTRICTIONS TO SECTION 23 CLAIMS AND CAPITAL ALLOWANCES

This has to be the ticking time bomb in the whole budget for 2011 introduced by the Irish Government last week.
Great for the optics but it is clearly not properly thought out.

The following industries are going to be severely affected:
  • Nursing homes > health
  • Hotels > tourism
  • Student Accommodation > education
  • Rental properties > construction
  • Farming capital allowances............?
  • Small business capital allowances......?

All of the above industries are needed to get us back on line as well as the exporting industries. Important as they are, the exporting industries will not do it on their own.

These restrictions will kill investment. Who will believe our government and invest in our country if they change the rules of play mid stream, as they are proposing to do! No future incentive will be worth the paper it is written on as nobody will believe the rules.

Who is going to raise the challenge?

Who is going to fund the challenge?

Contact us if you would like to form a group challenge?

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