Finance (Local Property Tax) Act 2012 section 10D

Properties constructed using defective concrete blocks

Section 10D provides an exemption from local property tax (LPT) for residential properties that have been damaged due to the use of defective concrete blocks in their construction.

• Properties damaged by defective concrete blocks (sometimes known as "mica" or "pyrite" blocks) may be removed from the LPT charge for six consecutive years if certain conditions are met.
• Exemption applies automatically where a confirmation of eligibility has been issued under the Government's remediation scheme, or with Revenue confirmation where the property is remediated through insurance or by the builder.
• Where the exemption route is via insurance or builder remediation, the liable person must apply in writing to Revenue, supplying specified documentation including engineer's reports, test results, and a certificate of remediation.
• Revenue will publish guidance on how to make an application, what supporting information is required, and how the effective date of the exemption is determined.

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