Vacant Homes Tax (VHT)

The Minister for Finance announced the introduction of a Vacant Homes Tax (VHT) in his Budget statement on 27 September 2022.

The primary purpose of this new tax is to increase the supply of homes for rent or purchase to meet demand. The tax will be applied to residential properties which are occupied as a dwelling for less than 30 days in a 12-month period.

A number of exemptions will be available. 

The tax will be charged at a rate of three times the basic rate of Local Property Tax (LPT) applying to the property. VHT will be a self-assessed tax.

Further details will be available following enactment of Finance Bill 2022.