Thursday 25 December 2014

Second-home owners pay €13m during partial tax amnesty

Published 25/06/2014 | 02:30

Second-home owners are availing of a partial tax amnesty
Second-home owners are availing of a partial tax amnesty

TWO landlords, who each paid almost €93,000 arrears and penalties, are among thousands who have paid almost €13m in a backlog of second-home taxes over the past three months alone.

One landlord paid €92,840 arrears, covering the years 2009-13 on a single property which was divided up into 22 rented flats – but saved €66,220 on potential penalties thanks to the current partial amnesty.

The second landlord had three buildings, also totalling 22 flats, and paid the same amount and availed of the same penalty reductions.

As the clock ticks down to the end of a special "grace period" on August 31, local councils and the Environment Department expect a big increase in the rate of payment of arrears.

After that a number of penalty clauses will kick in, including a 50pc overall increase, leaving some property owners with a bill in excess of €7,000 for a single property.

Environment Minister Phil Hogan warned local councils will be intensifying their pursuit of arrears once the grace period ends.

Irish Independent

Promoted articles

Read More

Promoted articles

Editor's Choice

Also in Irish News