Wednesday, 20 May 2020

Questions (98)

Matt Carthy

Question:

98. Deputy Matt Carthy asked the Minister for Finance the estimated amount that would be generated by imposing a €500 per year tax on all second homes, a €850 per year tax on all third homes and a €1,300 per year tax on all fourth and subsequent homes; and if he will make a statement on the matter. [6247/20]

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Written answers (Question to Finance)

I am informed by Revenue that the Exchequer yield from the introduction of the additional taxes suggested by the Deputy is estimated to be in the region of €290 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.