Wednesday 25 April 2018

Revenue was meant to provide some help, not confuse us

YOU can't live in them, rent them or sell them. Yet the Revenue Commissioners believe two-bedroom apartments in the country's most controversial housing complex may be worth more than €350,000, even in this depressed property market.

Anyone perusing the property pages would do a double-take at the thoughts of shelling out money on a Priory Hall home.

But it didn't stop the taxman sending a bill to at least one homeowner demanding payment of €337.

Everyone knew that collecting the property tax was going to be difficult, but most believed the Revenue Commissioners would provide some help.

The first problem was that the tax would be self-assessed – meaning people were expected to become estate agents and provide a realistic value on their home.

A promised guide to help produce a reasonable valuation turned out to be a damp squib, as homes with vastly different market prices were lumped together.

Then there was the thorny issue of people living in unfinished developments.

The Revenue Commissioners are in an unenviable position, having to collect the unpopular property tax. But it seems little work has been done on the mechanics of implementing it.

There's plenty more controversy to come.

Irish Independent

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