Owners of private properties will soon be able to rent to the Housing Authority at a low tax rate.

The authority has launched a rental scheme for finished residences which have been vacant for at least six months. The owners will be charged five per cent tax instead of the normal maximum 35 per cent.

Requests of more than €400 per month will not be considered. The minimum rental period is 10 years and the accommodation will be kept in good condition. The properties will be chosen by an independent board.

Applications cost €20 and can be submitted between February 27 and April 30.

www.skemakiri.com or 2299 1000.

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