Finance (Local Property Tax) Act 2012 section 4

Residential property fully subject to municipal rates

Section 4 provides an exemption from local property tax for certain residential properties that are already fully liable to municipal rates.

• A residential property that is wholly used as a dwelling and is subject to municipal rates is not treated as a relevant residential property for LPT purposes.
• This exemption does not apply where the dwelling forms part of a mixed hereditament — that is, a property used for both residential and commercial purposes.
• If municipal rates are payable on the property, and it qualifies under this section, there is no additional LPT charge.
• The effect is to prevent a double charge of both municipal rates and local property tax on the same property.