Finance (Local Property Tax) Act 2012 section 10C

North-South implementation bodies

Section 10C provides an exemption from local property tax for residential properties owned by North-South implementation bodies established under the British-Irish Agreement.

• Residential properties owned by North-South implementation bodies are exempt from local property tax (LPT).
• North-South implementation bodies are those established under the British-Irish Agreement Act 1999.
• The exemption means the property is not treated as a relevant residential property for LPT purposes.
• This provision was introduced by the Finance (Local Property Tax) (Amendment) Act 2021.