According to Treasury Minister Paschal Donohoe, a preliminary analysis of local property tax (LPT) filings by the Revenues Commission shows that the number of vacant housing units nationwide is “small.”
e said he and his department had to fully evaluate the numbers before returning to the government with a vacant property tax proposal.
Housing Minister Darag O’Brien recently insisted that the government introduce a property tax free on budget 2023.
Commitment to taxes was given by the government in all housing plans.
“It’s important to actually know the level of vacancies,” O’Brien told Talk Radio last month.
It is estimated that there are 137,000 vacant houses nationwide.
Last week, Mr. Doherty was asked by Sinn Féin’s financial spokesman Pearse Doherty about taxes and whether the government would introduce it in the next financial bill. Mr. Donoho said the schedule for implementing tax measures under the Housing for All policy is the second quarter of 2022.
He said revenue was able to collect data such as occupancy status, potentially unoccupied period, and why through the property-related LPT returns.
“This information, along with information from other available sources, is used to assess the benefits and implications of introducing a free property tax.
“When considering such tax cases, it is important to have a solid understanding of the quantity, location and characteristics of long-term vacant properties,” said Donoho.
“Revenue has completed a preliminary analysis of the LPT revenue received so far. This is shared with my department.
“Preliminary analysis results suggest low levels of vacancies in all counties.
“I will discuss this issue in consultation with my colleagues before returning the appropriate response proposal to the government. I understand that Revenue will soon publish a profile of the occupancy data from the LPT returns. I am. “
He said the government’s “priority goal” was to deal with vacancies and delinquency and to make the best use of existing housing stock.