Dáil Éireann Debate, Tuesday - 26 July 2022
432. Deputy Richard Boyd Barrett asked the Minister for Finance the estimated full-year revenue that would be generated by establishing a 10% levy on vacant or derelict residential property as per the number of vacant properties identified in the recent census but in cases in which properties tied up in probate, the fair deal scheme or holiday homes are excluded; and if he will make a statement on the matter. [41603/22]
View answerAccording to the preliminary Census figures release on 23 June, 166,752 vacant dwellings were recorded in Census 2022. The preliminary information also provided a breakdown by reason, this is available at:
www.cso.ie/en/csolatestnews/presspages/2022/censusofpopulation2022-preliminaryresults/.
It should be noted that the Census measure of vacancy is a point in time measure of vacancy relating to the weeks either side of Census Night and is not intended to be a measure of long term vacancy or that these properties are available for re-use. These homes may well have been occupied again a few weeks after Census Night. Dwellings under construction and derelict properties are also included in the Census count of vacant dwellings. The Census information does not include data on the valuation of properties.
The Census information released in June is preliminary and work is ongoing by the CSO with a view to sharing the full set of detailed results between April and December 2023.
Therefore, my Department or Revenue do not have the necessary information on which to calculate an estimate of the revenue effects sought by the Deputy.
