Revenue will not collect existing derelict property levies under new laws

Plans brought to Cabinet would instead introduce a new tax from 2027, with a minimum rate of 7%

A spokesman for Simon Harris said the proposed tax is designed to encourage people sitting on derelict properties to use them rather than as 'a revenue-generating measure'. Picture: iStock

Levies already owed on derelict properties will not be collected by Revenue under new legislation.

Tánaiste and finance minister Simon Harris brought plans to Cabinet on Tuesday for Revenue to begin collecting a new derelict property tax from 2027 as part of measures announced in last year’s budget. The tax will be set at a minimum rate of 7%.