5 days and counting, Budget 2010 is nearly here and like other sectors the property market will not escape.
While it is reported that a property tax for all home owners is unlikely to be introduced this year, rumours are rife that an increase in the €200 property tax on second homes is on the cards.
The tax has made … many newspaper headlines and has been the subject of much debate since its introduction in July of this year. Less than two weeks ago the tax was again criticised after it was announced that the tax payment date for next year would be brought forward by 5 months from October to May as it fitted in better with the financial cycle of local authorities. Many homeowners say they have already paid enough on the purchase of a second property and that the government has also received its fair share from all properties purchased.
So far made the tax has made €48.3 million in local authority revenue.
Have your say:
- Should the €200 property tax on second home be increased in next week”s budget?
- Or should there be any property tax at all?