BUDGET 2012: SECOND HOME

Proposals to increase the €200 non-principal private residence (NPPR) charge could raise up to €100m in additional revenue a year for local authorities, with both coalition partners favouring significant increases.

The Sunday Business Post notes Fine Gael’s pre-election manifesto mooted an increase to €300 a year, while Labour wanted to raise it to €500. Since it was introduced in the emergency budget of October 2008, the charge has raised almost €205m.