Vacant Homes

New vacant home tax to come into force next year

Finance Minister Paschal Donohoe confirmed the tax would be introduced in Budget 2023 after Revenue identified 57,000 vacant homes

“The purpose of this tax on empty habitable homes is not to generate revenue, but it is to encourage change and to make more vacant homes available for use,” said Paschal Donohoe.

Owners of vacant homes are facing a new tax in the Budget that will come into force next year, Paschal Donohoe, the Minister for Finance, has said.

He was speaking after the publication of Revenue data showing that people paying the local property tax own a total of 57,000 vacant homes.

This is much lower than the preliminary figures from the 2022 Census which showed 166,000 empty properties around the country, but the Revenue were ...