Seanad debates
Tuesday, 10 December 2002
Planning and Development (Amendment) Bill, 2002: Second Stage.
Section 96B provides that a levy must be paid in respect of each house for which permission would have expired, if this Bill were not passed. It should be emphasised that it is not a levy on all houses built in future, just on those whose permission is being restored. The levy, which will be 0.5% of the cost of a house with a value less than €270,000 or 1% of the cost of a house with a value equal to or greater than €270,000, will be paid to local authorities to put towards the provision of social and affordable housing. Setting the levy at this level should not discourage developers from building out these permissions and will be an incentive to set the price of the houses that are built at an affordable level.
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