The one thing that is certain is that we will have to pay property tax in Ireland within the next 12 months.
Property Tax in Ireland
The one thing that is certain is that we will have to pay property tax in Ireland within the next 12 months.
The unknown is how this to going to be calculated, how much it will be, how it is going to be collected and what exemptions, if any, will apply. “ALL that has been decided, Minister for Finance Michael Noonan has stated, “is that there will be a property tax on family homes and that property tax will be collected by the Revenue Commissioners.”
Other countries have long ago brought in property taxes and it is interesting to note how they are charged:
EnglandThe property tax in England is paid by the dweller not the owner. They calculate the tax payable on the value of the property which is split into 8 tax bands.
FranceFrance has two taxes one for which the owner is liable, the other the occupant is liable for. Local authorities set the rates.
GermanyAgain the German property tax is paid by the occupier not the owner. A basic tax rate of 0.35% applies but it increases depending on the location of the property and the level of taxation required by the local authority.
How the tax is calculated is going to be the biggest issue facing the government. In an interview in the Irish Times Lucinda Creighton, Minister of State for European Affairs, argues that people living in Dublin and other cities should not be discriminated against and “punished for their address” when it comes to paying the value-based property tax. Square footage should be taken into account, along with ability to pay. Ms Creighton argued against a site valuation tax because “people living in houses where you literally cannot swing a cat in Dublin will be paying the bulk of property tax and I don’t think that’s fair”.
The exemptions to be provided, if any, is also being hotly debated. Those that have paid large amounts of stamp duty, many over 9%, in the last few years will feel justified in fighting for an exemption from what is a second property tax on their property. Other automatic exemptions may also apply to pensioners and social welfare recipients.
(c) Cosgrove Gaynard Solicitors. All rights reserved
If you need advice on any of the issues discussed above, contact Solicitors in Dublin city center or the best solicitors in Dublin.
Check out our property solicitor blog.
Are you buying or selling property in Ireland? Whether you're a first-time buyer, a seasoned investor, or navigating a complex property dispute, Cosgrove Gaynard Solicitors offers the trusted legal guidance you need. As a top-rated property solicitor in Ireland, we provide comprehensive and client-focused property law services tailored to your needs.
Text LinkLooking for a reliable solicitor in Dublin? Whether you're facing a legal dispute, buying a property, or need professional advice, having an experienced Dublin-based solicitor on your side is essential. At Cosgrove Gaynard Solicitors, we offer comprehensive legal services tailored to individuals, families, and businesses across Ireland’s capital.
Text LinkPurchasing property in Ireland remains a significant milestone, whether you're a first-time buyer, upgrading your home, or investing in real estate. As we progress through 2025, understanding the current landscape is crucial to navigating the process effectively.
Text LinkWhen entering into a commercial lease in Ireland, understanding the key clauses of the agreement is crucial for both landlords and tenants. These clauses define the rights, obligations, and liabilities of each party, and can have long-term implications for your business. This guide outlines the most important clauses found in Irish commercial leases, helping you to make informed decisions and avoid costly disputes.
Text LinkSuffering a road traffic accident abroad can be a traumatic experience—made even more stressful by the legal complexities that follow. For Irish residents who have been injured in a road accident while on holiday outside Ireland, it is possible to bring a claim in Ireland without having to travel abroad or use lawyers abroad, in certain circumstances. The key issue is jurisdiction, which refers to whether Irish courts have the legal authority to hear your case. Under EU regulations and international private law, if the at-fault driver or their insurer has a presence in Ireland or is domiciled in an EU member state, you may be able to bring your claim in the Irish courts.
Text LinkBuying or selling property in Ireland? Discover why hiring a property solicitor is essential for a smooth, legal, and stress-free transaction. Get expert tips today.
Text Link