Results 5,281-5,300 of 14,943 for speaker:Eoin Ó Broin
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: And any land zoned in the future?
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: However, the process kicks in at the point of the planning application.
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Absolutely.
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Let us talk through an example. If I purchased land after 2021 and made a planning application after December 2024, what would the process be?
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Is there a mechanism under the scheme to update the register in light of the transactions thereafter and the new land values?
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: I absolutely accept what Ms Mulhern is saying about the difference between the market value and the transaction price but she should consider an example from Dublin 8 that involved residentially zoned land with planning permission for 35 residential units, with retail and a restaurant downstairs and owned by a mainstream developer. Another developer, The Collective, came in and paid twice...
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: To clarify, at the point of establishing the register, there will be an existing-use valuation and a market valuation based on the existing use and the market value at the point at which the land was last zoned, which will have been in the most recent round of development plans. If there was a piece of land that, prior to that zoning, was agricultural use but was then zoned for residential...
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Perfect. To return to the issue of changing values, that means that in, for example, South Dublin County Council, which the Leas-Chathaoirleach and I know well, a development plan was approved last year, so whenever the Bill is enacted, whether next year or whenever, it will relate to the 2022 market value.
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Is the anticipation, therefore, that the valuation will be updated only with each development cycle review, or what is the mechanism? Even within the two or three years between when the land was last zoned and then becomes valued, the values may shift depending on what is going on. One could imagine that in the Clonburris SDZ, for example, now that the infrastructure is being built in...
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Imagine a four-year period starting from the point of valuation. The uplift in the value of the land could be considerably different four years on from the period of zoning. Is there a mechanism for capturing the uplift at a particular point?
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: After the transitional mechanisms, that will also apply, subject to the passage of the planning and development Bill, to a ten-year planning development cycle.
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: This was my next question.
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: At the point of valuation, there is the existing-use value and the market value. The tax liability is calculated based on 30% of the difference between the two. In another instance, at the point of valuation, if that land had previously been residentially zoned and was rezoned as residential or the zoning was left even though no development had taken place, how is the gap between the...
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: In the first example, I used land that had been previously agricultural and was rezoned as residential. At the point of valuation, the existing use was agricultural and the market value was for it being zoned as residential. If that land had been previously zoned as residential and was just waiting to be developed, and in the latest development plan its zoning was continued or carried over,...
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: To be crystal clear on this, at this point in time, the land that had been previously zoned residential was rezoned residential. It was not actually being developed but was not being used for agriculture. It was just vacant, uncommenced, residentially zoned land. What is its existing use calculation? Is it the last time it was actually in existing use?
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: As vacant land-----
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: I apologise if I am not being clear. Let us take the South Dublin County Development Plan 2022-2028 because it is an easier, concrete example. When that development plan was approved it was zoned residential, so it is the market value for residentially zoned land at that point in time. If that land had been in the previous development plan and the development plan before that and was also...
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: The witnesses are saying the valuers will have a mechanism to determine what the existing-use value of that is.
- Joint Oireachtas Committee on Housing, Planning and Local Government: General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion (4 May 2023)
Eoin Ó Broin: Perfect. I am crystal clear on that.