Latest news with #rentalregulations
Arab News
14 hours ago
- Business
- Arab News
Study to regulate landlord-tenant relationships extended by crown prince
JEDDAH: A study intended to introduce new regulations for landlord-tenant relationships in Saudi Arabia has been extended, according to the Saudi Press Agency. The extension was granted by Crown Prince Mohammed bin Salman, the Kingdom's prime minister, for a maximum period of 90 days. The decision was made following recommendations from the Real Estate General Authority, which is part of Saudi Arabia's Ministry of Housing. The study aims to finalize rental regulations in a way that ensures fairness and a balance between the interests of all involved. It seeks to ensure that the interests of all stakeholders are fully addressed, and that fairness is established in rental dealings, beneficiaries are safeguarded against market volatility, a stable and attractive environment for investment is maintained.
Irish Times
16-05-2025
- Business
- Irish Times
Investors in restrictive environment due to Government housing policy, Deloitte warns
Government housing policy is deterring rather than enticing investors, consultancy firm Deloitte has warned. In a pre-budget submission , the Big Four firm said recent policy shifts in relation to rental regulations, financing, rent caps and stamp duty had 'introduced a level of uncertainty that risks undermining investor confidence' while creating 'a policy environment that increasingly feels restrictive rather than supportive'. 'The flow of private capital is highly sensitive to policy signals and mixed messages can quickly result in reduced investment, delayed projects or cancelled developments altogether,' it said. The current fall-off in new home completions (they fell to 30,000 last year) has come on the back of a slowdown in apartment building, a trend that is linked to higher borrowing costs. READ MORE But the industry here has also blames tighter regulations, including the Government's system of rent controls, which is currently under review. In its submission, Deloitte said the State's ongoing housing supply crisis was weakening Ireland's competitive edge 'and limiting its ability to attract key skills to the country in crucial sectors such as technology and financial services'. It urged the Government to introduce both incentives and reliefs for developers to boost supply. These included capital allowances, stamp duty refunds for apartment construction and corporate tax refunds for the remediation of certain brownfield sites. Deloitte also recommended several measures for landlords including a reduced tax rate on rental income. 'I've entrepreneurial spirit in my veins' – Apprentice star Jordan Dargan Listen | 44:45 'No single measure will bring about a simple solution and instead the urgent introduction of a number of measures should be prioritised in order to help stimulate housing development,' said Daryl Hanberry, head of tax and legal at Deloitte. Outside of the housing, Deloitte warned that the State was now facing significant challenges with 'bold strategies' required to maintain competitiveness, attract investment and stimulate significant domestic growth. It said domestic direct investment could be accelerated by reducing the headline capital gains tax (CGT) rate and tapered CGT relief to encourage entrepreneurs to scale their businesses. The State's headline CGT rate of 33 per cent should be reduced to 20 per cent 'to enhance Ireland's enterprise environment, support small businesses and facilitate intergenerational succession'. The consultancy also recommended a tax credit for businesses investing in artificial intelligence and digitalisation, applying to expenditure associated with 'the reliably safe development, implementation and use of AI and digitalisation'. It also urged the Government to introduce a decarbonisation tax credit to reward companies that invest in emissions-reducing technologies and practices. 'Ireland is in a strong financial position and we have choices, but we need to act urgently. It is time for a step change and Budget 2026 is one of those rare moments where the Government can make a significant statement that will create an impact well into the future,' Mr Hanberry said.
