Robert Dowds (Dublin Mid West, Labour)
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192. To ask the Minister for Finance his plans to introduce a vacant sites tax on land that is zoned but has yet to be built on; if so, the rate he will apply to such land; and if he will make a statement on the matter. [44797/14]

Michael Noonan (Limerick City, Fine Gael)
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The Deputy will be aware that I announced on Budget Day that it was my intention to launch a public consultation in the coming months on this issue. There is a view that owners of zoned and serviced land are waiting for higher prices and that is why they are not taking steps to develop their land or sell it to others who will. If this turns out to be a valid point of view, I will examine what taxation measures might be taken to penalise land owners who do not develop land that is already zoned and serviced. Any decisions regarding taxation or other appropriate measures will follow the consultation process.