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Fri 01 Jan 2009Residential property levy mooted as part of wider tax reform
THE CENTRAL Bank has advised the Government to consider a tax on residential property.
The assistant director of the bank, Tom O’Connell, said yesterday at the launch of the bank’s first bulletin of the year that a residential property tax should be one of the options considered. Mr O’Connell said a €1,000 annual tax on the 1.7 million dwellings in the State would yield €1.7 billion per year.
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