Saturday September 26, 2020

Second home tax could raise €100m

Local authorities could collect almost €100 million in additional annual revenue if proposals to increase a tax on investment properties and holiday homes are implemented by the new government.

19th March, 2011

Local authorities could collect almost €100 million in additional annual revenue if proposals to increase a tax on investment properties and holiday homes are implemented by the new government.

Prior to the election, Fine Gael and Labour each proposed significant increases in the €200 non-principal private residence (NPPR) charge that applies to properties other than principal private residences.

Fine Gael’s election manifesto proposed that the charge should rise from €200 to €300.

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