Finance (No. 2) Act, 2000

Charge of anti-speculative property tax.

6.—Subject to the provisions of this Part and any regulations thereunder, with effect on and from 6 April 2001 a tax, to be called anti-speculative property tax, shall be charged, levied and paid annually upon the market value of the relevant residential property on the valuation date in each of the years 2001, 2002 and 2003 of every assessable person and the rate of tax shall be 2 per cent of that market value.