Tuesday, 23 July 2019

Questions (267)

Richard Boyd Barrett

Question:

267. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated amount of revenue that would be generated by imposing a €600 per year tax on all second homes, a €1,000 per year tax on all third or fourth homes, and a €1,500 per year tax on all fifth or subsequent homes. [34567/19]

View answer

Written answers (Question to Finance)

I am informed by Revenue that the estimated Exchequer yield from the introduction of the additional taxes suggested by the Deputy could be in the region of €400 million in a full year. This yield assumes that that tax would be imposed on all non-principal private residences, excluding residential properties in the ownership of local authorities and approved housing bodies.