Owners of vacant commercial properties set to lose rates exemption

Some vacant commercial building owners in major cities get a 50 per cent reduction while others in rural towns and villages get their entire commercial rates bill written off

26th September, 2021
Owners of vacant commercial properties set to lose rates exemption
The owners of vacant offices, pubs and shops are facing the prospect of higher bills on their properties next year to encourage them to sell them off for housing

The owners of vacant offices, pubs and shops are facing the prospect of higher bills on their properties next year to encourage them to sell them off for housing.

Under the current law, councils cannot charge full commercial rates to the owners of vacant business properties as long as they give a valid reason for why they are lying idle.

Some vacant commercial building owners in major cities get a 50 per cent reduction ...

Subscribe from just €1 for the first month!

Currency

What's Included

With any subscription you will have access to

  • 971569B3-2C5E-4C45-B798-CEADE16987A8

    Unlimited multi-device access to our iPad, iPhone and Android Apps

  • 099C8662-C57C-42F2-9426-F2F90DF17C8F

    Unlimited access to our eReader library

  • 198AE43B-B9CF-4892-8769-D63C2104BA08

    Exclusive daily insight and opinion seven days a week

  • D8F37B78-25E4-4E4A-A376-4F5789B1564A

    Create alerts to never miss a subject that matters to you

  • B15F2521-37CD-4E02-B898-730A20D39F7F

    Get access to exclusive offers for subscribers on gifts and experiences

  • A564FE02-1AB8-4579-AF9D-BA32A2E5ACA7

    Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine

Share this post

Related Stories

State pushes back decision on new mica redress scheme

Housing Donal MacNamee 13 hours ago

Plans to wind down controversial fast-track housing scheme delayed

Housing Killian Woods 2 days ago

Twenty-six Nama apartments lying empty for ten years in scheme

Housing Killian Woods 4 days ago

Keegan claimed social housing would decrease value of Pigeon House site

Housing Catherine Sanz 4 days ago