The Finance Minister has announced that those entering a new personal insolvency arrangement will be allowed defer payment of their property tax.

Michael Noonan outlined the measure in the Dáil as an amendment to the tax before it comes into force on July 1st.

But the tax will have to be paid with interest, once the person becomes solvent again.

The move has not found favour with the opposition, who say it does not go far enough in dealing with those who simply cannot afford to pay.

Other amendments to the property tax include no payment for those in pyrite hit-homes, until the pyrite issue is resolved and properties owned by charities.

And deferral of payment will be allowed for those dealing with the estate of deceased persons and those who can show extreme hardship.

Minister Noonan has also defended imposing a so-called 'snitch-clause' that forces people to declare to revenue if they become aware that a house was under-valued:

Fianna Fáil Finance spokesperson Michael McGrath explains why the party beleives the property tax is unfair: