70. Deputy Aengus Ó Snodaigh asked the Minister for Finance his views on the introduction of an 80% windfall tax on land rezoned from industrial to residential use; the estimated impact of such a tax on land value capture, land hoarding, land development and residential house prices; his further views on the best way to capture the increased land values from such rezoning from both land sales and from property sales; and if measures such as windfall taxes can be geographically specific, that is, parcels of land rezoned from industrial to residential as proposed by Dublin City Council and South Dublin County Council. [4451/20]

Summary

70. Deputy Aengus Ó Snodaigh asked the Minister for Finance his views on the introduction of an 80% windfall tax on land rezoned from industrial to residential use; the estimated impact of such a tax on land value capture, land hoarding, land development and residential house prices; his further views on the best way to capture the increased land values from such rezoning from both land sales and from property sales; and if measures such as windfall taxes can be geographically specific, that is, parcels of land rezoned from industrial to residential as proposed by Dublin City Council and South Dublin County Council. [4451/20]

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• Tax Code

  xml · EN · 13 May 2020

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