Finance (Local Property Tax) Act 2012 section 9

Purchase of new residential properties in the period 2013 to 2019

Section 9 provides an exemption from local property tax for newly constructed residential properties that were first sold during the period from 1 January 2013 to 31 October 2021.

• Newly built properties first sold between 1 January 2013 and 31 October 2021 were exempt from local property tax (LPT) during that period.
• The exemption applied from the date of the first sale of the property up to and including 31 October 2021.
• The property must have been of the type that qualified as a newly constructed residential property under section 6 of the Act.
• From 1 November 2021 onwards, these properties became liable to LPT in the normal way.