Donegal estate agent new head of the IPAV

Letterkenny estate agent Paul Reynolds of Property Partners Reynolds & Co. has been appointed the new President of the Institute of Professional Auctioneers and Valuers.

Mr Reynolds has highlighted a number of issues which he hopes to tackle during his presidency.

These include the doubling of the exemption limit of 125,000 euro, to 250,000 euro, which would see the  €200 allowable as a tax deductable expense against rental income

He says people letting houses are providing an important function that the council cannot: