Change to Rates Legislation
New legislation has been put forward which will see that new businesses will no longer be stuck paying rates arrears from old tenants when they take over a new premises for their company. This Bill was included in the Local Government Reform Bill 2013 which was passed through the Dail on Thursday, 23rd January 2014.
This will allow new businesses to take up new premises and existing businesses to change premises without the fear of having a massive rates bill hanging over them after they move in. This change will have a positive impact on businesses all over the country. Under the old legislation, which dates back to 1838, tenants who left a property with rates due are not liable and instead the new tenant is forced to pay the rates arrears.