Editorial: Housing crisis needs considered response
Published 23/08/2014 | 02:30
The prospect of tax breaks for landowners and developers is one that will alarm the public after six years of austerity wrought by a plain vanilla property bust. But such is the shortage of homes, primarily in Dublin and other large urban centres, that the Government is contemplating reducing or abolishing capital gains tax rates to encourage landowners to sell land for development.
The so-called windfall tax was designed to give something back to the taxpayer after lands were rezoned for housing.
But the rates are now deemed to be too exorbitant for them to be operative.