Minister considering giving new house buyers property tax 'holiday'24/11/2012 - 09:42:22
It has reported that anyone who buys a new home in the coming months will be exempt from paying the property tax for a number of years.
According to the Irish Independent, Finance Minister Michael Noonan is considering to introduce the measure in December's Budget, as a way to incentivise growth in the property market.
Experts say the property tax holiday would have to last for at least three years in order to incentivise new buyers effectively.
more stories like this:
- once per day, no spam.