Catherine Murphy (Kildare North, Independent) | Oireachtas source

Some of these estates were categorised for the property tax last year. The number of estates will increase as companies are liquidated, and they require a mechanism to transfer from category 3 to category 4 to allow them to leverage funding. In the case of the aforementioned estate, approximately €200,000 is needed for the wearing course on the road and to finish other aspects of work on the estate. There is a commercial building on the estate and any assets from its liquidation would have gone to the Minister for Finance.

There is no bond in place in this particular estate. I am using this estate as an example, but it is not unusual and can happen anywhere in the country. The assets will go to the Minister for Finance and will not be available to the local authority. The estate will be retained at category 3 unless there is a mechanism for it to go to category 4 to resolve these issues. How will the Minister of State deal with the growing number of estates which will fall into this category? There will not be thousands, but there certainly will be some which need to go into this process.

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