Many homeowners say they have already paid enough on the purchase of a second ... property and that the government has also received its fair share from all properties purchased, as one blog commenter said "the government has already received over 40% of the proceeds of every single property by way of VAT on materials and services, Income tax on labour, stamp duty and other indirect taxes which they sanctioned such as development contributions and commercial rates!". So why should you now have to pay an annual €200 property tax?
But be warned, those who miss the deadline date or don"t pay the tax on their second home(s) you will incurred a 10% late fee for every month after the deadline up until the fine is paid. On top of all that you can also expect to receive a fine of up to €2,000 and any outstanding charges and unpaid late payment fees will remain as a charge against the property for up to 12 years, even if the property is sold!
Have your say:
- €200 Property tax on second homes: Are you being fined for making an investment?
- Haven't you already paid this tax when you forked out on stamp duty?
