During a debate on the plan the Minister for Finance defended the decision to exempt apartments from the 10% stamp duty levy.
He said the Department of Finance has conducted research which indicates that the risk for housing estates is "much less significant". He said the Government legislation is the "bare minimum", but that the public would not "fall for it". Mr Nash said the rate of stamp duty should have been set at "15% or 17%", and called on the minister to publish the rationale for deciding upon 10%.Earlier the Government was accused of "waving the white flag" to investment funds by the leader of Sinn Féin.
He said he will understand later after speaking with the Housing Minister, whether the measure will have government approval. — RTÉ News May 19, 2021 Developed by the Marlet Property Group, she said that it would see 2,000 homes across six locations in Dublin sold to private investors.People Before Profit TD Richard Boyd-Barrett described the Government's stamp duty increase on investment funds as "hopelessly inadequate and completely pathetic".
In reply, the Taoiseach said Mr Boyd-Barrett was "wrong" in his assessment, stating that the new stamp duty rates will act as a disincentive when it comes to block purchasing of homes and "gives the advantage back to first-time buyers". Speaking on RTÉ's Morning Ireland he said the role of the State, particularly in the use of public land and the Land Development Agency, to progress a whole swathe of new apartments for cost rental and affordable purchase will be key.
Believe it when I have the keys in my hand that this government or any means to help people afford a home.
Bit ironic after last nights vote when the Greens voted against amendments to protect homes from vulture funds!! These Vultures would sell their mothers for votes, hypocrites
Let’s state the absolute bleeding obvious. We need houses for people. With windows and doors and roofing. We continue to elect twats.
Young families need access to affordable houses near where they work, not 50 miles away. Why on earth are apartments not included in the great plan to shoo away the vultures. Oh wait......do I see brown windowless envelopes?
There are 26 vacant/ derelict buildings on Tullow street alone, in Carlow Town. You literally could not get more central. A housing crisis? An abundance of ample buildings lying idle in towns all across the country. Council ?
Possibly the worst public speaker I can recall. spoofer
Eat yis er lettuce 🥬
Yeah but Eamon wants us all living in shoeboxes in cities growing tomatoes on our balconies & cycling 10 km to work twice a day. Sooooo he's a looper.
When he says high quality, he means that they should have a window box in which to grow watercress
An absolute waste of space.
WHAT! He actually stayed awake for 3 mins? greenparty_ie EamonRyan sleepyhead
Stupid. They will just buy 9 and use other names to buy 9 more
This could have been handled by changing how rent is taxed for REITs? Once they pay their 10%, tax is essentially nil. This is a joke of a measure Paschald LeoVaradkar MichealMartinTD