Oireachtas Joint and Select Committees

Thursday, 4 May 2023

Joint Oireachtas Committee on Housing, Planning and Local Government

General Scheme of the Land Value Sharing and Urban Development Zones Bill 2022: Discussion

Ms Claragh Mulhern:

In theory, yes. As we had set out to do originally, the section 48 contribution would have fallen away and so the way of calculating the section 48 requirement would have also gone with that. What this was looking to do originally was look at the difference between, as we were calling it at that time "current use value", which is essentially existing use value, and the market value of that land with the benefit of planning permission. So actually, that is a different thing.

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