Measure is designed to reduce land speculation would see levy of 25% tax on land that is rezoned for housing
Property Industry Ireland (PII) urges the Government to pause proposed land value sharing legislation, which would levy a 25% tax on rezoned land, citing concerns about adverse impacts on development land market activity and house prices. PII also recommends increasing the Help To Buy Scheme's property value threshold and Ibec suggests recalibrating rent control measures to attract investment. Both organizations emphasize the need for increased housing supply to meet targets and address the housing crisis.
