Francis Noel Duffy (Dublin South West, Green Party) | Oireachtas source

I apologise for coming in late. I thank the Department for the briefing. I have some context for my question. Our policy has consistently proposed that we replace the LPT with a site value tax, which we believe addresses various issues such as poor usage of land and land hoarding. It will incentivise land and property improvement, which ultimately increases the provision of housing and reduces homelessness. Another benefit of this model is that it is also easier to administer than the LPT since land values are generally static. Properties can come and go over time and tend to have a certain lifespan, but the land is there until the planet is gone. Has the Department of Finance engaged with the Department of Housing, Local Government and Heritage about the possibility of introducing a site value tax?