Finance (Local Property Tax) Act 2012 section 10

Unfinished housing estates

Section 10 provides an exemption from local property tax for residential properties located in unfinished housing estates for the years 2013 to 2020, and sets out how the Minister determines which estates qualify.

• An unfinished housing estate is a development of two or more buildings included on a prescribed ministerial list of substantially incomplete developments.
• Residential properties situated in a listed unfinished housing estate are exempt from local property tax for all liability dates from 2013 to 2020.
• The Minister for the Environment, Community and Local Government is responsible for prescribing the official list of qualifying unfinished estates.
• The Minister must consider a range of factors — including the state of roads, utilities, open spaces, planning compliance, and building control compliance — when assessing whether a development is substantially incomplete.