Planning
State’s Land Development Agency could be hit with multimillion land hoarding taxes
State’s social housing body said tax would drive up cost of buying and renting affordable homes to be built on such sites
The state will impose its new anti-land speculation tax on the Land Development Agency (LDA) despite the government’s own rules preventing the body from speculating on property.
The LDA was established in September 2018 and has a €2.5 billion capital budget to expedite the construction of 150,000 homes on state lands over 20 years.
The body can only be granted possession of land when it is transferred from other public bodies and its sole remit ...
