With the introduction of a new property tax, RTÉ Archives take a look back 30 years when the then Fine Gael/Labour coalition government introduced a property tax as part of their programme for government.
In April 1983 details of a new property tax were revealed as part of the new Finance Bill. A RTÉ News report read by Charles Mitchell with a report by Donal Kelly, followed by an interview with Minister for Finance Alan Dukes, outlines the details of this new tax.
Under the Finance Bill, gross household income will be the basis for liability for the new tax on residential property. The tax will be charged at a rate of 1.5% on residential property valued at more than £65,000 and will apply where gross household income exceeds £20,000 with a 10% deduction in the tax due for each child in the household. Houses are to be valued on a self-assessment basis.
Other elements of the Finance Bill included heavier penalties for tax evasion.
A RTÉ News report from 28 April, 1983.