€10,000 levy plan for new homes

LOCAL authorities are considering introducing a 10,000 levy on all new homes which would push up the price of an average house by at least 4%.

However, this figure would go even higher as solicitor fees, stamp duty and VAT are all charged on the total price of a house.

It also comes on top of the government’s take on the price of a house with an estimated one third of the cost of a new home accounted for by various taxes including VAT, stamp duty, tax on materials and income tax on labour costs.