New derelict property tax will affect up to 19,000 sites in bid to boost housing supply

"Revenue will be given the powers to collect the proposed new Derelict Property Tax under plans to boost housing supply."

"Up to 19,000 derelict properties could be hit with the new 7pc tax being introduced by the Government early next year."

The Government plans to introduce a new 7% tax on derelict properties, affecting up to 19,000 buildings. Revenue will be responsible for collecting this tax, shifting the burden from local authorities. This initiative aims to enhance housing supply and address the issue of derelict properties. Ministers have been briefed on the implementation of this tax, which is set to take effect early next year.

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