Second home agency nets €47m in tax

ALMOST 1,000 people own between 12 and 21 non-primary properties according to the agency which, by yesterday’s deadline, had netted almost €47 million through the €200 property tax on second homes.

Hubert Kearns, chairman of the project agency which handles the collection of the tax on behalf of the country’s local authorities, said by yesterday afternoon €102.5m had been collected, of which €64.3m was in respect of tax due in 2009 and €38.2m for this year.

One of the most surprising features of the new tax regime was the level of compliance, about 80%, for the self-declaration tax on non-principal private residence (NPPR).