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Double of tax on investment funds who purchase houses in bulk, proposed by Fine Gael

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Fine-Gael News

Sinn-Fein,Housing-Crisis

Neale Richmond said that even though the Government had voted down a Sinn Féin proposal to increase the rate earlier in the year, the proper time for budget proposals was in the autumn

Neale Richmond said that even though the Government had voted down a Sinn Féin proposal to increase the rate earlier in the year, the proper time for budget proposals was in the autumnNeale Richmond

After a controversy arising from the bulk purchases of homes in a Kildare housing estate, the Government introduced the 10 per cent rate on purchases of 10 homes or more in May 2021. It applies to bulk purchases of houses rather than apartments and kicks in when ten or more houses are bought by a single purchaser in any 12 month period.

A Fianna Fáil source said that the party would not oppose such a move, but that there would likely be some resistance within the Department of Finance amid concerns over the impact on some companies balance sheets and capital flows into Ireland. UK government warns unionists the Republic could help decide the North’s future if Stormont collapses againManchán Magan on living with cancer: ‘Death is something I’ve always been very comfortable with’

 

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