Indecision over proposed new property tax in Ireland could hold up real estate recovery, agents warn

[Nicholas Wallwork]

A decision on abolishing stamp duty for main homes in Ireland*and replacing it with an annual property tax needs to be made*swiftly to avoid an impact on the country's real estate*market, it is claimed.

Estate agents are warning that the country's struggling*second-hand property market may well grind to a halt if a*decision on the plan outlined by the Commission on Taxation is*not made until the December budget.

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