Vacant Home Tax | Business Post

New vacant homes tax will triple local property charges on empty houses

Government says new budget measure will help ‘ensure all viable housing stock is made available for use’ but an opposition politician has called it ‘too weak to be effective’

Stopping the rot: could compulsory purchase orders be a solution for derelict properties?

Louth was once a trailblazer when it came to using compulsory purchase orders to bring vacant buildings back into use, but in recent times the programme has faltered, with no properties acquired this year

Mass sale of vacant properties on the cards as new tax looms

The platform Iamsold is advising property owners to look towards sale by auction as a faster, more secure means of offloading their properties

Half of councils have no full-time roles for tackling vacancy

Paschal Donohoe, the Minister for Finance, confirmed this week that owners of vacant homes are facing a new tax in the Budget

Dedicated government taskforce needed to tackle vacant properties, cross-party committee says

Report from housing committee also calls for rate of soon-to-be-introduced vacant sites tax should be increased due to inflation

Department of Finance did not want to commit to vacant home tax

Official objected to Housing Department’s commitment to implement tax as ‘premature’

Vacant property tax in doubt as Revenue reports fewer empty homes than expected

Analysis by Revenue revealed that levels of vacancy ‘are low across all counties’, leading the Minister for Finance to assess merits and likely impact of introducing such a tax

Housing Agency vacant property fund falling short of target

Number of acquisitions decreased each year due to ‘reducing availability of suitable units from banks and equity funds,’ Department of Housing says

Dublin City Council is owed €10m in vacant site levies

In total, more than €14.3m is owed to the 31 local authorities

Property tax on vacant homes to rise as much as five-fold

Move by the government could effectively hit institutional funds that are sitting on valuable empty apartments with a penalty of between €5,000 and €7,000 per unit

Empty promises: can the government finally get to grips with the problem of vacant homes?

In an upmarket Dublin suburb, a four-bed house bought by an overseas investor has been unoccupied since 2015; in the city centre, hundreds of luxury apartments owned by a US investment fund lie empty. A more radical approach to the problem is needed, experts say

Only three vacant home officers employed in the last three years

Despite €50,000 in funding and a requirement to employ such staff, hardly any local authorities have a full-time employee focused on bringing empty homes back into use