Dáil Éireann Debate, Thursday - 18 December 2025
255. Deputy Brendan Smith asked the Tánaiste and Minister for Finance if his Department is examining mechanisms, including tax relief, to further incentivise the purchase and renovation of vacant homes; and if he will make a statement on the matter. [72892/25]
Amharc ar fhreagraA number of measures are already in place which support or encourage the bringing of vacant residential properties back into use and to increase housing supply. These include the Living City Initiative (which was significantly enhanced in the recent Budget), pre-letting expenses for vacant properties, the Vacant Homes Tax and the Residential Zoned Land Tax.
Additionally, the Department of Housing, Local Government and Heritage provides funding for the Vacant Property Refurbishment Grant which supports bringing vacant and derelict properties back into use. Recently announced changes to the scheme, which is being extended to 2030, provide for additional amounts to support claimants in refurbishing vacant and derelict properties. Furthermore, in the case of "over the shop premises", a new grant is being introduced.
Finally, and as the Deputy will appreciate, the consideration of further tax-based measures which might incentivise the purchase and renovation of vacant homes; would have to be undertaken in the context a future annual Budget and Finance Bill processes, at the appropriate time, and having regard to the sound management of the public finances.
