Appeals against land tax adding to house prices, warns O'Flynn

Property developer Michael O’Flynn said an 'unintended consequence' of the new tax is that it will 'add to the cost of housing'. Picture: Denis Minihane

HOUSE buyers could end up paying more for their homes because of the costs incurred by developers seeking to exclude sites from a new land tax, property developer Michael O’Flynn has warned.

Mr O’Flynn, who faces an estimated €1m annual tax bill on land he plans to develop off Dublin’s Naas Road as a result of losing an appeal to An Bord Pleanála, said an “unintended consequence” of the new tax is that it will “add to the cost of housing”.