Plans to give first-time buyers a tax break if they purchased a derelict or abandoned home were scrapped by the Dept of Finance.

8 comments

1. #DerelictIreland is trending on twitter. People showing photos of boarded up buildings in their areas.

2. These tax breaks/grant schemes just end up increasing prices – people can still go out and buy a derelict shitbox to do up if they want

   We don’t need the government interfering in the derelict shitbox property market as well – if they are tax the owners and push them to sell

3. Penalise owners of derelict or abandoned homes rather than indirectly give them tax incentives.

4. That would just increase prices by whatever the tax break is.

   The issue is during a housing crisis, property hoarders are incentivised to sit on empty properties. It’s easier to sit on a empty building and viewing it as a investment / cash store then risk actually doing something with it.

   Owners of such properties need to be taxed out the ass the longer a property sits empty.

5. But sure FFS i was looking forward to buying a shit hole for €250000 only to pump another €50000 into it whilst still renting

6. As stated in the thread one of the reasons it was scrapped was they would need to create a legal definition for derelict and abandoned. It would need to be a broad definition, which would then probably lead to loads of houses that shouldn’t qualify, qualifying.
   It would also further push the already inflates prices of these properties.

7. Whatever the decision of the government, the top comment will ALWAYS agree with said department and define it with some flawed logic or assumption. Fucking uncanny

8. Should just start squatting