Developers push back against new land-hoarding taxes

Homebuilders and investment funds are lobbying to avoid millions of euro-worth of taxes on inactive land banks which have received planning permission

Cairn Homes has more than 30 sites in Ireland, of which at least 14 are in line to be affected by the new tax. Picture: Maura Hickey

The state’s biggest developers, investment funds and other businesses that own large amounts of unused land are lobbying to avoid land-hoarding taxes that would be collectively worth hundreds of millions of euro to the state, the Business Post can reveal.

Several state bodies have also appealed to be exempted from the taxes – including the Land Development Agency (LDA), which has warned that the clampdown on land hoarding could drive up the cost of rent ...