MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
  • Mortgages
  • Property Report
MyHome.ie Blog
  • MyHome Living
  • News
  • RetroFit Hub
  • Buyers Advice Hub
  • Selling
  • Renting
    • Mortgage Learning Center
    • Calculators
    • Best Mortgage Table
  • Property Report
    • All Properties
    • Houses For Sale
    • Apartments For Sale
    • Available To View
    • Overseas Holiday Homes
      • Properties For Auction
      • Upcoming Auctions
      • BER Assessors
      • Property Conveyancing Solicitors
      • Pre-Purchase Surveyors
    • Find Agents
    • All Properties
    • Houses To Rent
    • Apartments To Rent
    • Available To View
    • Share
      • Irish Holiday Homes
      • Overseas Holiday Homes
  • New Homes
    • For Sale
    • To Rent
    • Auction
      • Residential Land
      • Commercial Land
      • Farm Land
      • Farms
      • Sites
    • MyHome Living
    • Buyer Advice Hub
    • Property Report
    • Property Price Register
    • Price Changes
  • Mortgages
    • Rental
    • Holiday Homes
    • Commercial
    • Sharing
Advertisement
  • Home
  • Uncategorized
  • New property tax could be deducted from wages
Uncategorized
Jun 19, 2012 - 08:58

New property tax could be deducted from wages

The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share
New property tax could be deducted from wages

The new property tax could be deducted directly from the wages of PAYE employees, according to reports in the weekend newspapers.

It is understood the Revenue Commissioners will have the power to take the money directly from source, while self-employed workers will be required to declare the tax in their annual assessment.

The move is designed to ensure a much higher level of collection of the controversial €100 household charge, which 42% of homeowners have yet to pay.

It is expected a new property tax will come into effect next year.

Advertisement

The Irish Times reported, however, that the Labour Party chairman Colm Keaveney is concerned about the method of taking money from peoples’ wages as owners of multiple properties tend not to fall into that category.

Mr Keaveney said he interpreted the new property tax as an “incremental introduction of a wealth tax”.

“Not everybody’s a PAYE worker. If it’s a wealth tax, and it’s to be the first step into a fair and just wealth tax, I fail to see how PAYE would be the way into it,” he said.

“The vast majority of people in the country who are considered wealthy . . . wouldn’t be PAYE workers. Multiple property owners who are not PAYE workers have amassed their wealth through property.”

Mr Keaveney said the fairest mechanism would have to be considered.

Advertisement

“There will be resistance. People want to hear how it’s going to be fair rather than how it’s going to be ‘revenued’,” he said.

Subscribe to our weekly MyHome Living eZine today

Processing your request...

You are subscribed now!

<

  • Tags
  • €100
  • assessment
  • Colm Keaveney
  • employees
  • homeowners
  • household charge
  • Labour Party
  • PAYE
  • PAYE employees
  • properties
  • property tax
  • Revenue Commissioners
  • tax
  • The Irish Times
  • wages
  • wealth tax
The MyHome Newsdesk
By The MyHome Newsdesk
Share this article
Facebook Share Twitter Share Linkedin Share Email Share Whatsapp Share

Helpful Links

Find your home on MyHome
Read more Articles
Calculate what you can afford to borrow
Welcome to the Retrofit Hub
Advertisement
Advertisement

Related News

What is a Heat Pump?
Uncategorized

What is a Heat Pump?

Feb 27, 2025
Living Cities Initiative
Uncategorized

Living Cities Initiative

Jan 14, 2025
Digital Services Act
Uncategorized

Digital Services Act

Mar 31, 2024
Avant Money and Finance Ireland announce new rates
Uncategorized

Avant Money and Finance Ireland announce new rates

Dec 09, 2021
Average deposit of first-time buyer was €52,000 in first half of the year
Uncategorized

Average deposit of first-time buyer was €52,000 in first half of the year

Dec 07, 2021
Frequent And Popular Searches
MyHome.ie Blog
Help
Jobs
About
Equality Guidelines
Brand Safety
Contact
Terms & Conditions
Cookie Policy
Privacy Policy
Digital Services Act
Sitemap
© Copyright MyHome.ie 2025
Advertisement