Oireachtas Joint and Select Committees

Thursday, 1 June 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (Resumed)

Photo of Thomas GouldThomas Gould (Cork North Central, Sinn Fein) | Oireachtas source

I thank the witnesses for being here today. This is an important Bill and it is important that we get everyone's opinion on it. I hear what the witnesses are saying. The one thing we do not want to do is put any more blockages in the way of housing delivery. We are all in agreement. We need houses, we need them built and we need them built as quickly as possible. On the other side of that, we know for a fact that people have made huge profits on land speculation over the years. The witnesses have talked about capturing the uplift in value. I cannot see how capturing the uplift in value is an extra tax. I take on board some of the points and I am listening with an open mind. We want to get this Bill right. Mr. O'Connell mentioned driving up house prices. Looking at the Bill as it currently stands, does the CIF have an estimate of what percentage it would go up by? Does it have data on that? Has it done research into this that it could share with us?

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