The Government could raise €2 billion a year through a property tax, analysts at stockbrokers Davy, NCB and Goodbody said today in a joint research report.
Stamp duty, a levy on home purchases, should be scrapped as it is an “unnecessary impediment” to liquidity in the property market, the Dublin-based brokers said.
Any loss from scrapping stamp duty could be recouped through an increase in value-added tax, income tax and capital gains tax, according to the report.
Bloomberg