No €1bn property tax, says Noonan

IMF demands for a €1bn property tax were dismissed by Finance Minister Michael Noonan last night.

Mr Noonan said he did not want people “scared” by the IMF figure, but could not say what the actual bill would be.

Mr Noonan revealed that the new graduated property tax will come into force on Jul 1, 2013, when people will be charged for half of a full year.