Revenue to get powers to collect new 7% tax from owners of vacant properties
Summary
Keira Kelly and Shane Coleman discuss a new 7% tax on derelict properties, now collected by Revenue Commissioners to improve enforcement. Guest Seamus McGrath, Fianna Fáil’s housing spokesperson, argues this shift will significantly increase compliance compared to the previous self-assessed local authority system. The conversation covers the phased rollout targeting urban areas, the broadened legal definition of dereliction, and the government’s dual strategy of incentivizing owners to restore vacant homes while penalizing inaction during a national housing crisis.
Topics discussed
Introduction to The Hard Shoulder segment
Overview of new 7% derelict property tax
Significance of Revenue Commissioners involvement
Challenges of self-assessment and definition
Timeline for register compilation and payment
Previous measures and vacant property grants
Broadening the definition of dereliction
Valuation methods and incentives for owners
Phased rollout based on population size
State liability and closing remarks
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