AQW 8430/22-27 Written question to the Minister of Finance
To ask the Minister of Finance whether she has decided to retain the existing rates cap for the entirety of the 2022-27 mandate.
Asked by Paula Bradshaw MLA on 7 March 2024
- Answered
- Written
- Tabled
- 7 March 2024
- Answer due by
- 25 March 2024
- Answered
- 11 March 20244 days after tabling
- Department
- Department of Finance
- Priority question
- No
Answer
ANSWER
The existing rate cap, known as the maximum capital value cap, will be retained for the 2024/25 rating year.
Any future change to the policy would require Executive agreement. This matter was the subject of public consultation which closed on 13 February and my Department is currently reviewing the responses received on this issue to inform next steps.