Tax breaks on the cards to end housing crisis

Tax breaks, reduced development levies, and reducing the cost of land for developers are some of the measures being considered by the Coalition to help tackle the housing crisis.

Environment Minister Alan Kelly confirmed that a “significant” housing package to stimulate building is being planned, to address the huge demand in the private sector. He also hit out at “unscrupulous” landlords who are hiking up rents across cities and towns.

The Irish Examiner has learnt that incentives for developers being considered by his department include reducing the cost of Vat for building materials for developers. This has been compared to how a reduction in Vat in the hospitality sector helped restaurants, hotels, and the tourism sector.