Relief for business as new scheme aims to cut commercial rates

Relief for business as new scheme aims to cut commercial rates

Cuts to be funded by taxing vacant properties

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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