Tax ‘state-subsidised’ tracker mortgages, urges former Lenihan adviser

Tracker mortgages should be taxed, according to a leading economist and one-time adviser to the Government.

The controversial proposal by Alan Ahearne of the National University of Galway will anger the thousands of homeowners on trackers and prove politically explosive for the Government.

Mr Ahern said the tax was justified because the section of society not on trackers was effectively subsidising those who are.