Richard Boyd Barrett (Dún Laoghaire, People Before Profit Alliance)
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372.To ask the Minister for Finance the expected revenue yield from an increase in the vacant homes tax to 25% in a full year; and if he will make a statement on the matter. [32511/24]

Jack Chambers (Dublin West, Fianna Fail)
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As the Deputy will be aware, the vacant homes tax (VHT) is charged as a multiple of the local property tax (LPT) charge, rather than as a percentage of market value. For the first chargeable period ended on 31 October 2023, VHT was charged at three times the property's base LPT charge. For the chargeable period that commenced on 1 November 2023 and subsequent chargeable periods, VHT will be charged at five times the property's base LPT charge.

I am advised by Revenue that the data required to cost the Deputy’s proposal are not currently available for statistical analysis. The Deputy may wish to resubmit the proposal under the party costing service, as it is expected the data will be available at a later date in the summer.