Dáil Éireann Debate, Tuesday - 5 March 2024
420. Deputy Eoin Ó Broin asked the Minister for Housing, Local Government and Heritage to publish the Indecon report commissioned by the Department into the land value sharing tax that was discussed by officials during the pre-legislative scrutiny hearings with the Oireachtas Housing Committee during May 2023. [10569/24]
Amharc ar fhreagraThe Government approved an initial General Scheme in December 2021 to set out proposals to introduce Land Value Sharing. The proposals set out in the revised General Scheme (www.gov.ie/en/publication/0ad37-general-scheme-planning-and-development-land-value-sharing-and-urban-development-zones-bill-2022/) published on 14 April 2023 are the result of significant analysis and engagement undertaken since the publication of the initial General Scheme in December 2021, including an economic appraisal and detailed discussion with the Office of the Attorney General, valuation experts and engagement with key stakeholders.
The Indecon Report was prepared for the Department as part of the analysis required to support the revised General Scheme which was published in April 2023, and it will continue to inform the ongoing process.
The published General Scheme is accompanied by an explanatory memorandum which outlines the objectives and details of the proposed measures. The Joint Oireachtas Committee on Housing, Local Government and Heritage completed pre-legislative scrutiny of the proposals in May 2023.
In finalising the draft Bill for approval by Government, the report of the Committee which was received in September 2023 and any recommendations contained therein will be taken into account as part of the revised legislation due to be published in early 2024.
As the draft legislation continues to be developed, it is not intended to publish the Indecon Report at this time.
