Wednesday January 29, 2020

Relief for business as new scheme aims to cut commercial rates

Cuts to be funded by taxing vacant properties

Michael Brennan

Political Editor

@obraonain
1st April, 2018

The government plans to cut commercial rates for hard pressed businesses through taxing vacant commercial properties.

New legislation is being drawn up to introduce a national relief scheme for commercial rates, with the potential for 100 per cent write-offs in struggling towns or parts of cities.

It will be funded by bringing in €250 million from commercial rates on vacant business buildings, which are currently being given a free pass by most councils. However, there will...

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