Ivana Bacik
Question:290. Deputy Ivana Bacik asked the Minister for Finance the number of households which have paid the vacant homes tax in 2023. [47277/23]
View answerTuesday, 7 November 2023
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Written answers
As the Deputy is aware, the Vacant Homes Tax is a new measure announced in Budget 2023, which aims to increase the supply of homes for rent or purchase to meet demand. Legislative provision for the tax was made in the Finance Act 2022. The first chargeable period commenced on 1 November 2022. The first self-assessed returns are due on 7 November this year and the tax will be payable on 1 January 2024.
The number of properties in scope and tax payable will depend on the self-assessed returns submitted by property owners, the number of properties declared as liable and the number of property owners entitled to claim exemption from the tax.
Revenue has advised it will require time to allow all returns and payments to be processed once the deadlines have passed and as a result, the information as requested by the Deputy is not yet available.