Derelict property owners face 7% tax without remedial action

Owners of derelict properties face a 7% tax on their property value if they fail to take remedial action, RTÉ News reported.

Under the reported measure, property owners who do not take remedial action to address dereliction will be liable for a financial charge set at 7% of the property's valuation. The tax is targeted at properties where owners have failed to undertake remediation work.

The initial report did not set out further operational details, legislative timelines, or administrative criteria governing how the tax will be assessed and collected.