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Ireland May Cut House Sales Tax, Welfare Payments, Post Reports

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Dec. 5 (Bloomberg) -- Ireland may cut the tax on house sales for a 12-month trial period, more than halve a 10 euro ($13.40) airport tax and raise 700 million euros from selling assets, the Sunday Business Post reported.

Social welfare payments may also be cut by as much as 5 percent to trim the 20 billion-euro social welfare bill in a budget to be presented on Dec. 7, the Dublin-based newspaper reported, without saying where it got the information.

To contact the reporter on this story: Colm Heatley in Belfast at cheatley@bloomberg.net

To contact the editor responsible for this story: Colin Keatinge at