Holiday Home

How long is a piece of string.

Utilities, LPT, maintenance, insurance, fuel if needed.

All depends on the condition, age, size, location of the house.

There is no direct tax on it.

You will pay LPT at whatever value it is.

And when you sell, you'll pay CGT on whatever profit you make (if any) at the prevailing rate.

If you rent it out, you'll pay tax at your marginal rate, plus USC and PRSI.

There's been talk about those for ages but nothing has been brought in. Yet.

The Greens hava a proposal to tax holiday homes at 3% of their value, annually.

Ireland is country of socialists. I would advise against getting a holiday home, because despite the government lying through their teeth about not targeting holiday homes, they are:

The Minister conceded that the measure will be “self-declared”, meaning property owners would have to come forward themselves and state that their property has been vacant for more than 30 days in a 12 month period and that they owe more tax.

As someone who recently sold a holiday home, thereby dodging a bullet, I will tell you that arranging to occupy your home every single month for a year will be near impossible, let alone having proof of that, because Revenue will soon come looking for that, no matter what lies a politician tells.

Invest your money and just go on overseas holidays and use Airbnb or some other platform to rent someone elses HH.

You wouldn't have that many bills attached to a holiday home in Ireland. Far less than you would have in Spain anyway.

You would have your home insurance

Your electricity standing charge every couple months and any units you would use.

Property tax, wifi connectivity and tv licence if you have one.

That's about it really.

Good luck with your purchase!

The proposal is currently that it was used for less than 30 days in a year, not vacant for more than 30 days. The entire opposite basically.

It has been specifically designed to ensure that most holiday home owners are not affected

Remember that a huge amount of politicians including some current (Martin) and recent (Kelly) party leaders have declared holiday homes on their interests - and plenty more have it in the wife/husbands name.

Outside of some of the peak holiday home spots, I'd say most holiday homes are in the lowest LPT band, so the extra tax isn't even that high - but you really don't qualify to pay it if you actually use it in any way frequently.

I don't know why you're telling people to read the details more carefully when you have them completely and entirely backwards!

No, you've got this completely and utterly wrong.

The rule is that it needs to be occupied for 30 days in a year. Not in a row. There's basically no holiday home owners that don't use their house for more than 30 days, cumulatively, and that is what the requirement is

There is absolutely nothing about it being an unoccupied count. You read it wrong. Go back and actually read the proposal, like you told others to do despite not having read it properly at all!

The tax was introduced to be Seen To Be Doing Something, not to actually raise any funds. Its expected to bring in under 3m a year, as the rules allow basically every holiday home to avoid paying it.

https://www.independent.ie/regionals/wexford/news/budget-2023-minister-paschal-donohoe-says-government-are-not-targeting-holiday-homes-with-vacant-property-tax-42030583.html

@cnocbui

many people got confused over the 30 day figure, The Indo journalist got it confused.

Occupied at least 30 days = exempt from the tax.

Its not coming up highly with any search query I use. Its one, wrong, report from a rag that actually has other correct reports.

And no, the Minister didn't mis-speak, a terrible newspaper wrote something inaccurate. He has never said anything about it in that regard, they quoted him about self-declaration and added the inaccurate interpretation themselves.

DDG is an utterly awful search engine with a pretense of privacy (but a habit of actually selling data); but even then that is an extremely strange way to search for information on that; specifying .ie only sites (which would exclude many Irish news sources that use .com) and a very odd set of search terms. But DDGs results are so crap that maybe you do need to do that.

Anyway - the result is the same. You went telling people to go research something when you were basing your concept off it from one report in a terrible newspaper.

How can anyone provide proof that they stayed in their 2nd home a few weeks later never mind several years later? Are you going to have to contact your phone provided to get cell tower pings to prove that you where there.

Luckily that's not something I have to worry about anymore. But just as the self employed, CGT and CAT are self assessed, they are all subject to audit, with the burden of proof falling solely on the taxpayer. I doubt this will be any different.

You are are talking out of you backside. I tried an alternatively worded query using google and the same article wasn't just down the list it was the top hit.

https://www.google.ie/search?q=Paschal+Donohoe+minister+tax+holiday+homes&source=hp&ei=koZWY5_SCJWShbIP0ZaBmAU&iflsig=AJiK0e8AAAAAY1aUohoL7_pqk8dGwAZ0WH34lQVNVYOg&ved=0ahUKEwif44238Pj6AhUVSUEAHVFLAFMQ4dUDCAc&uact=5&oq=Paschal+Donohoe+minister+tax+holiday+homes&gs_lp=Egdnd3Mtd2l6uAED-AEC-AEBMgUQIRigAcICERAAGI8BGI8BGOoCGIwDGOUCwgIREC4YjwEYjwEY6gIYjAMY5QLCAhQQLhiPARiPARjUAhjqAhiMAxjlAqgCCkiEDVCqBFiqBHABeADIAQCQAQCYAWqgAWqqAQMwLjE&sclient=gws-wiz