Vacant property tax coming

What are you talking about? They aren't for sale.

They said the changes to Airbnb would fix the market too. Then it was people in FairDeal, now vacant houses.

How about the Govt just build what it need instead of trying to take if off other people.

Half the town of mallow will be taxed to the hilt as every second premises is derelict.

There's a four bedroom house not far from where I live. Apparently it was inherited by two brothers who can't agree on whether to rent it out or sell it - so it sits empty. A punitive tax would focus their minds.

It's already in effect in the UK.

Yes, until you have a need to use it, it's excess you don't need. Unlikely a 3 bed would be taxed if I was dictator, but 4 bed with one/two people, sure, tax the extra bedroom.

Why is it maddening? Why, given population trends and the lack of resources, should excess housing capacity not be encouraged to be freed up?

Its madding because the local authority have vacant housing. Yet they making people believe its the private market thats at fault.

Why does the Govt not use it own resources to solve this problem instead of looking for a handout from people. That people accept this baloney without question is mindboggling.

In the good old days the rates were based on the potential rent of a property. That tended to mean bigger properties paid more. As a result, widows usually sold big houses not long after they were bereaved or else took in lodgers.

I think it was more that widows had no income if the single earner in a family died.

I thought rates were based on the "rateable valuation"

The "bedroom tax" in the UK isn't a tax, and doesn't apply to private owners. Its a penalty against housing benefit or social rent for those receiving those, and has had significant side effects.

A person should not penalised for working, they just want to work, why should they get money taken off them for that?

Its not propping up the private rental market. The Private Rental market didn't want that business and they had to legislate to force LL's to take on that business. In market with historic shortage of supply, and high rents why would it need propping up. Makes no sense.

Same with vacant property tax, trying to force people to rent, or sell. That is not propping up anything.

They did whey the bought it, and maintain it, and pay property tax, and tax on the income to pay for all of that.

No matter what someone else pays. its not bottomless pit for others to use.

I'm sure the Glasraí ('cause they're vegetables) and their army of advisors have that in the works.

Still nothing much can be done. Like always in this country, politicians will slowly grasp the issue afterwards. FF-FG & Glasrai v [a certain very property rich party with an aggressive always online set of defenders and courtroom regulars] is a choice between massive overtaxation or even more massive overtaxation. Almost all these vacant houses are be unlikely to be put into the rental market as the law enforces a rent cut year on year, and other RTB nonsense that doesn't do a thing for renters. It appears to be the policy of the political class to eliminate smaller Irish landlords who charged a low enough rent in favour of English and German owned REITs and other foreign investors (if someone believes the claims of a certain crew about eliminating tax benefits to REITs, I've a bridge to sell them). Oh well.

Who said you have to legally seperate from them. You could just have a fight every Monday, move out to your other property fro a few days and then go back and have makeup sex the rest of the week. Repeat that every week or two.

Your honor we have a very volatile relationship. I just need to move to my apartment to give us both a break every few days, but we love each other so make up after the break always.

If she wasn't working or didn't have a pension or settlement.

If I build/buy a house its not "common" property. We don't live in a system where  property and wealth are communally-owned.

There are places where it is, if you prefer that model. If there's a vote and the system changes here I'll be voting with my feet.

As far as I see there's roughly x3 categories of people in Ireland

- private sector working

- public sector

- lifelong doleys ( ies? )

Both public sector and doley are looked after in their old age ( and through their life ).

Public sector, works, nice pension, alot of the time can retire early etc etc. They must buy their own house of course but have a safety net ( pension, secure job ).

Doley, ( I came from a family of them so I know ). Dole, entitlements, house etc etc, sorted.

Me and many others, private sector workers, ( me construction ), shite pension only there as a box ticking excersise , can't retire early ( maybe lotto ), must buy own home, fair enough.

Works bollox off for years to the point of injury and beyond to prepare for future. Buys investment home not to run as a business but to have some sort of security in old age that the other 2 categories have in different formats.

Solution? Let's punish the sector who try not to be a drain on the state in old age.

Brilliant.

Slightly more €€€s for the privilege of owning more assets and excess than we all deem reasonable as a society.

You're blaming the people who aren't responsible for housing, who aren't creating the shortage.

While not blaming the people (Govt) who are responsible and who are creating the shortage.

That makes sense to you.

This ^

I read a number of these apartments were claimed to be rented by corporates during the pandemic at a lower rate to keep them for staff when they returned but it could be interesting when the numbers are released....

“There has been particular anger at reports that high-end apartment blocks are lying idle, with the Business Post highlighting last year that, in midst of a crisis, 100 out of 190 apartments in the 22-storey Capital Dock building near Grand Canal Dock in Dublin were lying vacant.

Following such reports, O’Brien said he wanted to target investment funds that have large swathes of apartments lying empty.”

https://www.thejournal.ie/vacant-property-tax-4-5774165-May2022/

One thing that is blatantly clear in all of this is everyone is blaming people who save hard for a second home and making them pay more tax upon the taxes the have already paid for the ability to purchase a second home.

not one person has said anything about the tax free REITs that are causing this housing shortage, the increased rent and basically doing all of this while paying feck all tax on profits.

if socialism is required, then the large landlords who are tax free are screwing the system wholesale. Tax free, recieving tax payers money and getting their properties paid for for nothing. Not bad if you can get this as a small landlord, but as we all know they get taxed to the hilt.

I’d be fairly confident when this tax comes in, they’ll link it to the definition of your Principal Private Residence, rather than some impossible to monitor subjective definition of vacant or otherwise.

Married couples can only have one PPR. So expect the above absolutely won’t work as a way around the tax. Unless the people drafting it are complete morons!

Time will tell though!

No one wants over development on on their doorstep effecting their quality of life. A lot of new development are poorly planned with little consideration of local area.