Property tax cap ‘will do very little’

A group representing mortgage holders has claimed the Government will simply be “playing about with the edges” of Ireland’s repossession and housing crises if it decides to introduce a property tax cap on homes.

Irish Mortgages Holders Association director David Hall issued the rebuttal 24 hours after Tánaiste Joan Burton said the move could be imposed by the coalition in the coming weeks.

Speaking at the Easter Sunday commemorations, the Labour leader confirmed a property tax cap is being considered to prevent an increase, due to rising property prices.