At the height of the boom the Government was raking in more than €100 million a month in Residential Stamp Duty but since then Stamp Duty takings have dropped by 92% and now the Government would be lucky to see €100 million in the pot for the whole of 2010.
When combined, residential and non-residential stamp duty yields now account for just 0.6% of total tax revenues so it is no surprise that their attention is now once more turning to the possible introduction of a property tax. Property tax would provide a more stable (and hopefully a more reasonable) stream of revenue and allow us to move away from the unreliable transaction tax of Stamp duty.
However this new “fairer” property tax is no…
As I am a keen surfer, I spend many hours traveling back roads looking for the best surf and gazing at millions of old buildings. Each one is a star in my mid-night sky where my mind drifts between what they were and what they could be. If I could travel though time, I wonder what the past would think of the cold shoulder we give our heritage, in preference of more punch stamp bungalows. I am not against building new houses on green-field sites. However, I believe that you should have a very good reason and argument to break new ground. The people who undertake the challenge and responsibility of bringing our heritage into the future are the unsung heroes that seek to retain our beautiful landscapes. It is my ambition to follow their path.
My 45sqm star, a headman’s cottage sits on the mid-level of a one acre site. There are two ring forts within 250m of the site that reinforce the occupation of this corner of Sligo right back to the Iron Age. The site is accessed just…
Featuring as buy the week this week is the New Homes development, “The Willows” in Dunshaughlin, Co. Meath. The first phase of the development, which launched at the weekend is made up 3 & 4 bedroom townhouses, semis and detached home. With prices starting at €185,000 the show houses were not surprisingly inundated with eager punters and by the end of the two days viewing 21 deposits were already put in place! Commenting on the outcome Director, John Bannon said, “We are delighted with the success of the launch and the deposits already received. We have also received a number of positive inquiries from potential purchasers and we are expecting more deposits before the week is out”.
Besides a low selling price what do you get for your money? The Willows has all the mod cons you’d expect with any new property but also has …