Mary Fitzpatrick (Fianna Fail) | Oireachtas source

Before our guests respond to Deputy Gould, I have a related question. LPT, as the Deputy noted, has in some respects been manipulated for a certain advantage. Has consideration been given to adding a multiplier to act as a penalty on certain residential properties being left vacant? There is a particular issue in Dublin city whereby newly built properties, built for rental purposes and held by investment funds, are lying vacant during a housing crisis caused by a lack of both supply and affordability. While there is a vacant site tax, there is not a vacant residential property tax. Has the Department examined using LPT to apply a penalty to discourage that type of vacancy?