A EUR 200 tax on holiday and buy-to-let homes [Eire Region]

Daily MailJune 25, 2009

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Summary


HOMEOWNERS were slapped with yet another tax last night as Green Party leader and Environment Minister John Gormley announced a new E200 levy on second homes.

The charge, which will be used to plug the gap in local authority funding, will apply to owners of 'non-principal private residences' purchased for rental and investment purposes.

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Extract


A EUR 200 tax on holiday and buy-to-let homes [Eire Region]

The Government is expecting to raise E40million from the initiative in the first year, which will be directly allocated to local authorities throughout the country.

However, the Government may already be facing legal action from disgruntled home owners, as the Irish Property Owners Associ...

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