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intention that local authorities will still have a significant role to play in the context of the new derelict sites tax by creating the register that Revenue will implement. There has been an issue in collecting the existing levy. That is why we are moving to introduce … tax that will be collected by Revenue. We encourage people to use the supports there and if they do not use them, the stick of the derelict property tax is coming

compliance issues" had been dealt with via legislation; - however, since 2020, investment funds controlling more than €28 billion worth of Irish property have reduced their tax payments by half, from €74 million to €32 million; - the proportion of new housing available for sale has nearly halved … Government to: - close loopholes which allow investment funds aggressively avoid tax; - increase the stamp duty levy on the bulk purchase of homes to 100 per cent, and extend it to apartments; - instead of introducing further tax breaks for developers and vulture funds, access European Union streams of finance

specified valuation date during the revaluation of a local authority area. The term "net annual value" has a legal definition and is set out in section 48 of the Act: The rent for which, one year with another, the property might, in its actual state, be reasonably expected … probable average annual cost of repairs, insurance and other expenses (if any) that would be necessary to maintain the property in that state, and all rates and other taxes payable in respect of the property, are borne by the tenant. This definition of NAV is applied

relating to derelict properties. We need to check what powers are in place for local authorities. We may need to move those powers to Revenue in order to enable it to get those properties. Ultimately, many of our towns have growing communities, growing populations and growing needs … villages are going to be emptier, we need to put in place facilities in these properties. Some of that could be done by way of Government-led projects. We have a dereliction tax. There is talk about setting the rate at 7%. Can we look at putting

financed by the Department of Housing, Local Government and Heritage; — introduce a streamlined approval of Part I, Section 5 of the Planning and Development Act 2000, exemption under Croí Cónaithe, where there have been no prohibition notices linked to the property in the last seven years; — reform procurement … public or private sector in the past five years, to qualify for public housing frameworks; — in line with European Union (EU) Value Added Tax (VAT) Directive allowances, introduce a temporarily reduced VAT rate of 5 per cent on construction materials for housing development for the term

friendly way to bring these buildings back into use, yet the Government has chosen to leave the vacant homes tax at a measly 0.7%. At the same time, property prices increased by 7.5% in the past year. If the new derelict property tax … when the property bubble burst. This Government is playing fast and loose with the country’s finances, and this could have devastating consequences. The Social Democrats alternative budget includes a range of proposals to broaden the tax base. Instead, the Government has narrowed the tax take

person connected with a developer of rented residential or commercial property within the scheme will be in a position to retain the property for the purpose of letting, but it should be noted that the state aid cap will still apply over a rolling three-year period … remaining unused at the end of the tax life of the building will be terminated. A number of other features of the scheme implicitly set an upper limit on the Exchequer cost in respect of residential premises, including that the local authority must issue a letter of certification

that are designated as falling within the cost-rental scheme by the Minister for Housing, Local Government and Heritage on or after 8 October 2025. I am also introducing an enhanced corporate tax deduction for certain costs incurred on the construction of apartment developments and for the conversion … respect of rented residential properties until the end of December 2028. Section 31 inserts a new section in the Taxes Consolidation Act to allow Revenue to estimate the income tax or corporate tax due for those that are registered for these taxes but that fail to make returns

annual levies and compulsory acquisition powers. However, as the Deputy said, we have seen that some local authorities are much better at this than others. He rightly said the number of properties in Wicklow on the derelict site register is far too low at four so much more … Minister, Deputy Browne, the Minister of State, Deputy Cummins, and particularly the Minister for Finance are looking to bring in a new derelict property tax. That would be an incentive to make sure that all parties move on this matter

support from the affordable housing fund across 22 local authority areas. From budget 2026, cost-rental homes will be exempt from corporation tax, making projects more viable and ensuring the 25% discount is maintained. The rent tax credit, introduced in budget 2023, has been of significant help … struck down by the Supreme Court there. The Residential Tenancies Acts provide tenancy protections for both tenants and landlords. The constitutionally protected property rights of landlords have to be respected by the balanced provisions in both this Bill and the Residential Tenancies Acts. A landlord has the right

began in 2017. The scheme refunds income tax and deposit interest retention tax paid by first-time new house purchasers with up to €30,000 payable to support the accumulation of a deposit and the purchase of a new home. Local authorities are delivering affordable homes with funding … local authorities. The affordable purchase scheme is based on an equity share model, similar to the first home scheme. The local authority held stake can be brought back at any point over a 40 year period after purchase or redeemed on sale if the property is sold

absolutely horrendous. According to one source, in 2024 alone, property prices in Galway were up 17% on average. My party has opposed the property tax from day one, as the Minister knows. We oppose the idea that, in this day and age, someone should have to scrimp … interest, only then to be slapped in the face with another tax. I remember what the concept was when it was introduced. I heard the previous speaker describing all the fantastic things it funds in local services. It was a change that this was the way local councils

landlord who has tenants in and out every six months will be laughing all the way to the bank. Similarly, when letting properties, landlords are now incentivised to rent to likely short-term tenants ... rather than likely long-term ones ... This issue was raised yesterday at the Raise … alternatives. Here is a solution and alternative, yet we see no move at all on it. Other steps, such as taxing vacant and derelict properties, are half measures by the Government and not serious. I wish to raise the issue of social housing projects, almost 180 of which

amendment No. 11 as the substantive amendment in terms of its effect being the disapplication of income tax, USC and PRSI from rental income received by a landlord where a property is being let to a person who is an applicant under the defective concrete blocks scheme … respect of remediation options and grant amounts. I also acknowledge these homeowners may face great difficulties in the face of shortfalls in the local rental accommodation supply. That is the issue the Deputies are trying to constructively engage on. We are committed to trying to address issues with

ways that local authorities and national government can work together to try to advance a response to the housing challenges. I would point out, though, that we are seeing in Mayo, for example, one of the largest drawdowns in the country of the vacant property refurbishment grant … that regard was more acute in terms of the viability issue and a better use of money as opposed to a wider tax measure on housing. Such wider measures have not always worked in the past. I will mention schemes, but they will be the only ones

local authority-funded emergency accommodation. Those are only the official figures; they are the tip of the iceberg. They reflect people in local authority accommodation but they do not capture the hidden homelessness that every public representative in this Chamber encounters weekly - certainly those of us who operate … ended up sleeping in his car and he is still sleeping in his car. He will sleep there tonight. He works, pays tax and gets up early in the morning. He does everything expected of him. He has nowhere to live or to go and no prospect

with a scheme. The Department of Finance is then asked to examine the merits of the scheme and whether it has a tax implication. It has to originate from another Department, however. The Minister mentioned that this legislation was coming up as a potential way to deal with … from tax. Is there a precedent for this? Yes. The Government introduced the accommodation recognition payment, ARP, which is only available to Ukrainians. In the county of Donegal there are over 2,000 homes that are rented out to Ukrainians and the rental income is tax free

threat of homelessness. The increased flexibility provided under the arrangements for 2025 ensures local authorities are in a position to respond to local needs and to support not only priority category acquisitions but also single persons and couples without children. The Government is committed to providing a targeted … surely this is good policy - or with the property being up to standard. These are properties that are being let out by landlords. What is Sinn Féin's difficulty with ensuring these landlords keep these properties up to proper standards? What is Sinn Féin's problem with prioritising

note there have been some important policy changes in recent years - the introduction of cost rental housing, the vacant property refurbishment grant and the new land hoarding tax – but we still have a dysfunctional housing market. People are still struggling significantly to access home ownership and rents … norm in every local authority. There has been much focus in recent years on how difficult it has been to build up social housing construction capacity within local authorities. While that is correct, it has not been acknowledged that tackling vacancy and dereliction at local authority level

spiralling rents but at the same time, there are grants in the form of tax breaks to huge developers to build expensive for-rent apartments in the larger cities. Landlords and large property owners are favoured but people need a home they can call their own. There … publicity videos that we were obliged to fact check. Were college fees reduced? No, they actually increased. Was there more money for the local improvement scheme, LIS? No, there was actually a decrease. Was there more money for roads in Kerry? Again, this was not true. Funding

homeless services. The derelict property tax will now, crucially, be administered by the Revenue Commissioners. I have ensured the extension of the rent tax credit of €1,000 for a further three years for our renters. There will be a 0% corporation tax rate for cost-rental units … planning authorities, on which the Minister of State, Deputy Cummins will speak. There will be €670 million to further support local authorities, which is an increase of €18 million in funding from the Local Government Fund, as well as a record €256 million boost for nature restoration

rental income for certain retrofitting expenses incurred by the landlord on rented residential properties, for a maximum of two rental properties. Budget 2026 extended the tax incentive for a further three years to end 2028. The home energy upgrade loan scheme launched in 2024 enables homeowners, including … electrical supplies. Responsibility for the enforcement of the regulations in the private rental sector rests with local authorities. My Department’s policy of setting private rental inspection targets for each local authority and providing ring-fenced Exchequer funding to help them reach those targets is working

affecting the tenant in situ scheme and the failure to protect tenants from eviction. Just 2,000 homes were liable for the vacant property tax last year when there are at least 88,000 vacant homes. The Minister talks about the private sector. A significant proportion … social and affordable housing. We have heard in the debate from people across this country who are very clear that the councils, our local authorities, are not funded sufficiently to develop on land banks, tackle vacancy and tackle dereliction. They do not have the capacity to deliver

increase of €26, however, because of the tax bands. When the USC charge was lowered, the Government never moved the tax bands, so that person will pay more tax on it. When you break it down, take off the 1.5% auto-enrolment, which is also starting in January … Young people trying to get on the property ladder have moved in with their parents. Under the laws that are there, even if they have a modular unit out the back at the moment, they are being penalised by the local authority because the Bill, for people trying

rise in compensation amounts awarded by the Judiciary are crippling small business. We need to reduce electricity and energy costs, property and banking taxes and other utility costs. We need to make it easier to trade within regulations by cutting unnecessary tape and bureaucracy to allow firms … create a viable alternative to the heavy reliance on low corporation tax to attract FDI. Investments should be made in other areas such as housing, transport and communications. The opportunity green energy offers to local authorities is enormous and could be a game changer for society