{"id":1907,"date":"2022-09-27T13:22:26","date_gmt":"2022-09-27T12:22:26","guid":{"rendered":"https:\/\/www.socialdemocrats.ie\/vacant-homes-tax-is-too-weak-to-work\/"},"modified":"2022-09-27T13:22:26","modified_gmt":"2022-09-27T12:22:26","slug":"vacant-homes-tax-is-too-weak-to-work","status":"publish","type":"post","link":"https:\/\/www.socialdemocrats.ie\/ga\/vacant-homes-tax-is-too-weak-to-work\/","title":{"rendered":"Vacant Homes Tax is too weak to work"},"content":{"rendered":"<p><em><strong>New measure will encourage dereliction<\/strong><\/em><\/p>\n<p>The new Vacant Homes Tax has been set far too low, according to the Social Democrats Housing spokesperson Cian O\u2019Callaghan.<\/p>\n<p>Commenting on Budget 2023, Deputy O\u2019Callaghan said:<\/p>\n<p>\u201cThe new Vacant Homes Tax is too weak to work. This tax must be set at a much higher rate to bring vacant homes back into use.<\/p>\n<p>\u201cThe Vacant Homes Tax equates to just 0.3 percent of the value of a property, which is far too low. In our alternative budget, the Social Democrats called for this tax to be set at 10 percent, with a number of fair exemptions.<\/p>\n<p>\u201cThere are almost 90,000 vacant homes in Ireland. We must bring these properties back into use for the tens of thousands of people who are in dire need of housing.<\/p>\n<p>\u201cAnother flaw is that the Vacant Home Tax doesn\u2019t apply to derelict properties. This is a big mistake. Those who allow their vacant properties fall into dereliction shouldn\u2019t be given an opt-out of this tax.<\/p>\n<p>\u201cThis is a perverse incentive that will encourage dereliction. As things stand, the existing derelict sites levy is rarely collected by local authorities and is highly ineffective.<\/p>\n<p>\u201cThe new Vacant Homes Tax is typical of this Government\u2019s approach to tackling the housing crisis \u2013 it is lacking in both ambition and urgency.\u201d<\/p>\n<p><em>September 27, 2022<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>New measure will encourage dereliction The new Vacant Homes Tax has been set far too low, according to the Social Democrats Housing spokesperson Cian O\u2019Callaghan. Commenting on Budget 2023, Deputy O\u2019Callaghan said: \u201cThe new Vacant Homes Tax is too weak to work. This tax must be set at a much higher rate to bring vacant [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":1499,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[278,10,7],"tags":[],"class_list":["post-1907","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cian-ocallaghan","category-housing-crisis","category-press-release"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Vacant Homes Tax is too weak to work - Social Democrats<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.socialdemocrats.ie\/vacant-homes-tax-is-too-weak-to-work\/\" \/>\n<meta property=\"og:locale\" content=\"ga_IE\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Vacant Homes Tax is too weak to work - Social Democrats\" \/>\n<meta property=\"og:description\" content=\"New measure will encourage dereliction The new Vacant Homes Tax has been set far too low, according to the Social Democrats Housing spokesperson Cian O\u2019Callaghan. Commenting on Budget 2023, Deputy O\u2019Callaghan said: \u201cThe new Vacant Homes Tax is too weak to work. 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