Dáil Éireann Debate, Wednesday - 26 July 2017
132. Deputy Thomas P. Broughan asked the Minister for Finance the estimated yield through the implementation of a vacant property tax of 2.5%, 5%, 7.5% and 10% respectively; and if he will make a statement on the matter. [35963/17]
View answerI am informed that no distinction is made in the Tax Code between vacant and occupied properties. It is not possible therefore to derive estimates from Revenue statistics in relation to the Deputy's question.
The Urban Regeneration and Housing Act 2015 includes a new measure, the vacant site levy, which is aimed at incentivising the development of vacant, underutilised sites in urban areas. The Deputy may wish to seek further information on this levy from my colleague, the Minister for Housing, Planning, Community and Local Government.
