Skip to content

Readers like you keep news free for everyone.

More than 5,000 readers have already pitched in to keep free access to The Journal.

For the price of one cup of coffee each week you can help keep paywalls away.

Image: Shutterstock

Poll: Should older people be 'incentivised' to downsize their homes?

Such an initiative is being proposed by the Independent Alliance ahead of October’s budget.
Aug 9th 2018, 10:28 AM 37,219 173

THE INDEPENDENT ALLIANCE has tabled a list of budget suggestions with Minister for Finance Paschal Donohoe.

According to the Irish Times the suggestions, contained in a document presented to Donohoe, includes Shane Ross’s by-now infamous ‘granny grant’ idea, and a call for tolls on motorways to be capped at €5 per day per user.

Plans are also floated to ‘incentivise’ older homeowners to downscale their home in order to alleviate the housing crisis.

Those incentives would include “reducing stamp duty on the purchase of a property under a certain size by a person over a certain age who has sold a property over a certain size”. So, as an example, a person over-65 with a four-bed property say would perhaps be exempt from 1% stamp duty if selling their current home and buying a two-bed property.

But would that work? And is it a good idea or just a vote-grubbing exercise?

We’re asking: Should older people be ‘incentivised’ to downsize their homes?

Poll Results:

No (5958)
Yes (3407)
Yes, but not like this (2442)
Not sure / Don't know (779)

Making a difference

A mix of advertising and supporting contributions helps keep paywalls away from valuable information like this article.

Over 5,000 readers like you have already stepped up and support us with a monthly payment or a once-off donation.

For the price of one cup of coffee each week you can make sure we can keep reliable, meaningful news open to everyone regardless of their ability to pay.

Send a tip to the author

Cianan Brennan


This is YOUR comments community. Stay civil, stay constructive, stay on topic. Please familiarise yourself with our comments policy here before taking part.
write a comment

    Leave a comment

    cancel reply
    Back to top