Finance (Local Property Tax) Act 2012 section 10A

Pyrite-induced damage

Section 10A provides an exemption from local property tax (LPT) for residential properties that have suffered significant pyrite-related damage, subject to certification, remediation requirements, and time limits.

• The Minister for the Environment makes regulations setting out how properties are assessed and tested for significant pyritic damage, and how certificates confirming such damage are issued by a competent person.
• A property with certified pyritic damage, or one included in the pyrite remediation scheme, or one remediated through insurance or by the builder, is exempt from LPT for six consecutive liability dates from the relevant starting point.
• Where the exemption arises through insurance settlement or builder remediation, the liable person must apply in writing to Revenue for confirmation, providing specified supporting documentation including details of the damage, test results, and remediation certificates.
• The exemption is subject to a two-year time limit running from the date the Finance (Local Property Tax) (Amendment) Act 2021 was passed; certificates, scheme notifications, or applications made after that deadline will not qualify.