Sinn Féin warns against capital gains tax on family homes

An opposition TD has warned Government not to impose a potential capital gains tax on family homes, saying officials are unfairly targeting ordinary people instead of vulture and property funds to address Ireland’s property crisis.

Sinn Féin finance spokesman Pearse Doherty issued the warning after it emerged the Department of Finance is considering the imposition of the new tax on family homes when the properties are sold or passed on to owners’ children.

Briefing documents currently being reviewed by the department’s tax strategy group show that officials are examining whether to make the tax move in October’s upcoming budget.