Seanad debates
Wednesday, 22 October 2014
Valuation (Amendment) (No. 2) Bill 2012: Committee Stage (Resumed)
12:00 pm
Tom Shehan (Fine Gael) | Oireachtas source
In keeping with the tone, it is not only bypasses that cause these types of problems. I was contacted recently by someone who took over a failed business that had closed. While the rent for the property had more than halved, the rate bill remained the same. The Bill refers to the best achievable rent and so forth. If a business was not viable previously, it will certainly not become viable if the rates remain the same. One would expect rates to decline in tandem with rents.
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