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Plan to give landlords tax deal in return for rent freeze.

The Fr Peter McVerry Trust and Ibec’s Property Industry Ireland have joined forces to endorse a plan to allow landlords treat property tax payments as an expense – in return for giving tenants a rent break.

Landlords would “opt in” to the scheme. After two years, if the tenant produces a letter confirming that the rent did not increase, then the landlord would get the extra tax benefits.

Landlords that sign up for a two-year rent freeze would treat property tax as an expense, and get full mortgage relief when filing a tax return.Landlords can only claim 75pc of the interest they pay on a mortgage against their tax bill following a budgetary change during the economic downturn.