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Sunday 17 December 2017

FG TD wants new property tax scrapped

Fiach Kelly Political Correspondent

A FINE Gael TD says there should be an emergency Budget to scrap the property tax.

Dublin South deputy Peter Mathews, a former banker, has said the money can be made up through a 2.5pc levy on corporation profits, a betting tax and a levy on income over €120,000.

He made his comments as the Dail debated legislation to amend the property tax Bill.

"Could we dare to be courageous to bring in a supplementary Budget that might say 'park the property tax and bring in three other strands of revenue creation'?"

However, Finance Minister Michael Noonan, who responded to TDs at the end of the debate, did not address Mr Mathews's proposal at all.

Mr Noonan also said anyone who enters into personal insolvency arrangements can park their liability for property tax – but will have to pay with interest when they are solvent again.

Mr Noonan was also criticised by some of his own TDs for not doing enough for people with homes affected by pyrite.

Anyone with homes damaged by pyrite will be exempt from the tax for three consecutive years.

Irish Independent

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