Oireachtas Joint and Select Committees

Wednesday, 22 March 2023

Committee on Budgetary Oversight

Stability Programme Update: Discussion

Dr. Conor O'Toole:

I will make a general comment on that. In its purest form we are talking about something like a land value tax, which has different gradations depending on what that land is for. The residential housing within that would be exposed to a taxation measure like we have now with the residential property tax. Land that is zoned and designated where we want to build housing would attract a higher taxation rate because if one is seeking to activate the land, one is putting a cost on keeping it out of the system. Then there are exemptions. For example, agricultural land would be exempt. That is a very pure form-----