Wednesday, December 5, 2012

Could a Property Tax like this work for the UK?

Ireland budget: Local property tax introduced

"The Irish government has announced a fresh package of spending cuts and tax rises worth billions of euros in its budget for 2013. These include a new property tax of 0.18% of the value of a home up to 1m euros ($1.3m; £800,000)". "Ireland has gotten this tag that it is willing to do whatever it takes to remain on track, even if some of the measures are unpopular. They are taking a few measures that some other countries have been unwilling to look at."

Posted by alan @ 06:20 PM (1176 views)
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2 thoughts on “Could a Property Tax like this work for the UK?

  • If anything it stops people hoping for house price rises.

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  • mark wadsworth says:

    The O’Irish are really getting their knickers in a twist.

    They’re paying 0.18%, in Northern Ireland, Domestic Rates is more like 1% (which is on average much the same as Council Tax in the rest of the UK).

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