The Green Party objected to the delay to introduce a tax to prevent land hoarding which they said was like ‘hiding food in a famine’
It is expected that farmers who are farming land will be able to be exempted from it, as well as some small industrial holdings and businesses. Photograph: iStockwhen it suggestions arose that Fianna Fáil wanted to delay the introduction of the long-planned tax amid fears that it would catch farmers out. This led to a Green Party backlash which in turn triggered weeks of talks to resolve the issue.
It is understood that an agreement has been struck has whereby the tax will go ahead as planned next February. It is expected that farmers who are farming land will be able to be exempted from it, as well as some small industrial holdings and businesses.Will Budget 2025 be like a Toy Show giveaway? A Green Party source said: “From our point of view, if we hadn’t intervened, the tax would have been deferred and speculators would have been free to sit on their landbanks and watch their value increase rather than actually building homes.”
The party source added that the Greens were “really pleased that a solution has been found so that farmers who wish to continue farming into the future can avoid this tax – this was always a Green Party priority.”“When it first emerged that the tax could be deferred, I said that hoarding land during a housing crisis wasand I stand over that. It would be appalling if the State was to stand by and allow speculators to just sit on their land banks in order to watch their value grow even bigger.
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