Paul Murphy (Dublin South West, Solidarity) | Oireachtas source

I move amendment No. 52:

In page 42, after line 36, to insert the following:

“CHAPTER 7

Landlords’ Tax

30. The Minister shall, within 6 months of the passing of this Act, bring a report on abolishing the Local Property Tax and replacing it with a Landlords’ Tax of €600 per annum on a second home and €1,000 per annum on a third and all subsequent homes.”.

This calls for a report on the abolition of the local property tax and replacing it with a landlords' tax of €600 per annum on a second home and €1,000 per annum on third and subsequent homes. We have called for the abolition of what we call the "home tax" as that is what the so-called property tax is where people live in their home. It is not an asset as wealth but it is something they need to survive. It is their shelter. That home tax should be abolished and replaced with our idea, which would raise a similar if not the same amount as the property tax. This would be a landlords' tax. It would raise revenue and disincentivise landlordism. Tax policy should be designed to do that. We should not have this huge transfer of wealth from the public in its various guises, directly from the State and privately in the form of rent, to a landlord class that is massively overly represented in these Houses and the established political parties.