Friday 9 December 2016

€1.45m home escapes €3k levy

Published 19/10/2015 | 02:30

Thormanby Hill
Thormanby Hill

Thormanby Hill in Howth is an example of a development of luxurious new houses where buyers will avoid property tax.

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The first phase of 30 large five-bedroom detached houses is being launched in Howth, with asking prices of €1,450,000 listed on Daft.ie.

This would incur an annual property tax bill of around €3,000, but benefits from the exemption - which applies as long the property is new, bought from a developer, and is not a one-off house.

The homes are 3,358 sq ft and are built on "a superb 17-acre site, some with sea views" according to the website.

Downstairs there is a formal reception room and a separate informal living room. "The configuration of these rooms provide flexible options for your family depending on your requirements and stage of life, easily transforming to an entertainment room or a playroom, or perhaps one room for adults and one for children or teenagers."

Upstairs the master bedroom has an en-suite bathroom, as well as a walk-in wardrobe.

"Thormanby Hill is the pinnacle of an uncompromising vision that delivers contemporary living informed by a deep rooted appreciation of traditional aesthetics, quality craftsmanship and contemporary technologies," it adds.

Irish Independent

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