Mortgage crisis sparks renewed opposition to property tax

The Government is facing pressure to postpone the property tax and prevent a wave of repossessions following the latest statistics on the mortgage crisis.

Reacting to figures showing that one-in-four family homes’ mortgages are in arrears or have been restructured, Fianna Fáil said it was the wrong time to introduce the tax.

TDs will debate and vote on property tax legislation today, ahead of its introduction in mid-2013.