Ibec calls for ‘site value’ tax to replace commercial rates

Business group Ibec has called for a new site value tax to replace commercial rates and the vacant site levy, as well as an easing of building height and density restrictions, to boost housing supply.

By Pádraig Hoare

Ibec’s report on housing claimed a “dysfunctional” housing market is harming “quality of life of many people and undermining Ireland’s economic prospects”.