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Government considers ‘super’ property tax for larger houses

People with big houses could have to fork out more for the upcoming property tax. According to t...
Newstalk
Newstalk

10.05 31 Jul 2012


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Government considers ‘super’ p...

Government considers ‘super’ property tax for larger houses

Newstalk
Newstalk

10.05 31 Jul 2012


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People with big houses could have to fork out more for the upcoming property tax.

According to the Irish Independent the government’s considering imposing a so-called ‘super property tax’ on those with large expensive homes.

No decision has been made yet but it is thought the proposal could prove popular with the public if the wealthy were seen to have to pay more.

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The paper says the property tax rate would go up in bands similar to that of income tax.

The Irish Independent says the considered super tax could help the government to sell the property tax to the public as a fairer system of the wealthier paying more tax.

The proposal is understood to have been contained in an expert report on a property tax prepared for Environment Minister Phil Hogan last month.

It is thought the government is hoping to boost its popularity with the move.

But they are being warned that it could cause fear among those who have over-extended themselves on their home loans.


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