Cost of transferring property could double, says Tipp TD McGrath

South Tipperary Independent TD Mattie McGrath has described the decision of the Law Society to prohibit solicitors acting for more than one party in all cases involving the transfer of property as outrageous and has slammed it as another attack on the farming community and families where solicitors will be multiplied for even the most mundane and straight-forward inter-family property transfers.

South Tipperary Independent TD Mattie McGrath has described the decision of the Law Society to prohibit solicitors acting for more than one party in all cases involving the transfer of property as outrageous and has slammed it as another attack on the farming community and families where solicitors will be multiplied for even the most mundane and straight-forward inter-family property transfers.

“This is an outrageous move that serves no-one other than lining the pockets of solicitors, it is only going to double the costs involved in passing on a farm or property to a son or daughter. At a time when we should be supporting young farmers and encouraging investment in the Agri-food sector, the law society is piling on the costs.” Said Deputy McGrath

“The Current cost involved in passing on a property to a son/ daughter is approximately €3,500 and if the Law Society are allowed to go ahead with this move that cost could go to at least €7,000 because instead of paying one solicitor the family would have to pay for two solicitors which is completely unnecessary in most instances of inter-family property transfers.” Continued McGrath

Deputy McGrath also criticised the Government for continuing to allow a professional association such as the Law Society to effectively pass laws without any Dáil or public debate.

“I am calling on the Minister for Justice to prohibit the Law Society or any other professional association from making such decisions to benefit their members financially at the cost of other members of society. This should not be allowed and there has to be public debate on the matter.” Concluded McGrath