Ireland introduces 7% Derelict Property Tax via new Finance Bill
- Reports
- 2
- Developments
- 1
- Repetition
- 50%
New informationRepeats or wire copies
What happened
The Department of Finance published a Finance Bill introducing a Derelict Property Tax in Ireland. The new tax is set at 7% of the property’s value. Fine Gael TDs supported the measure, which was developed by Simon Harris and aims to bring derelict properties back into use across the country.
From finegael.ie
Why it matters
The policy is intended to tackle dereliction and revitalize towns and communities by making better use of existing buildings. The tax is supported by other incentives, such as the Croí Cónaithe grant, which provides up to €70,000 to refurbish vacant and derelict properties.
From finegael.ie
Who's involved
- Fine GaelSupported the introduction of the Derelict Property Tax through the Finance Bill.
- Simon HarrisDeveloped the policy that introduced the Derelict Property Tax.
- Department of FinancePublished the Finance Bill that outlines the new Derelict Property Tax.
Who could feel it
Possible knock-on effectsThese are possibilities Brind reasoned out, not predictions, and not advice. Most are not stated in any report.
- Revenue CommissionersSpeculative
The Revenue Commissioners could see an increase in revenue collection scope and enforcement duties due to the new tax mandate.