Paschal Donohoe signals shift on developer tax breaks ahead of Budget 2026

Paschal Donohoe signals shift on developer tax breaks ahead of Budget 2026

Finance Minister Paschal Donohoe has softened his opposition to developer tax breaks as housing pressures mount ahead of Budget 2026

More tax breaks for developers in Budget 2026 will not solve housing crisis

More tax breaks for developers in Budget 2026 is not the solution to the housing crisis and risks repeating mistakes of the past, according to Social Democrats TD Rory Hearne. Deputy Hearne, who is the party’s housing spokesperson, said: “It has been reported today that the government will reduce VAT in the Budget for new apartments in a bid to increase housing supply. This failed approach is straight out of the Fianna Fáil/Fine Gael playbook an…

Developers to get tax breaks for new build apartments

Tax breaks for new apartments are set to be unveiled in next month’s Budget, write Craig Hughes and Adam Van Eekeren. VAT on new-build apartments will be reduced from the current rate of 13.5% in an attempt to ease the housing crisis. Under EU rules, VAT cannot be entirely scrapped for new builds, with a 5% rate the lowest permitted. Tánaiste Simon Harris said yesterday that centrist parties will be removed from Government if they fail to make m…