Gerald Nash (Louth, Labour) | Oireachtas source

The land value tax measures promised in the Housing for All strategy have yet to be delivered on. We have been told now that we will have to wait until next year for the implementation of those plans. Land value sharing was a key recommendation of the Kenny report and we resurrected those principles in a Labour Party Bill from last year. It is, effectively, as the Minister of State knows, a mechanism to allow the State to realise the benefit of an increase in land value when land is rezoned. The aim is to ensure that landowners do not enjoy a windfall from flipping sites. I ask for an update on these plans.

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