The Finance (Local Property Tax) Act 2012 (as amended) provides for certain properties to be exempt from LPT during the current valuation period (2013 to 2021) and the next valuation period (2022 to 2025) where they meet certain qualifying conditions.
However, certain exemptions will expire on 31 December 2021 and as such will not be available for the new valuation period. These include properties in unfinished housing estates, properties purchased as a home during 2013, unsold properties held by builders or developers and new or unused properties purchased from a builder or developer.
I am advised by Revenue that the property in question is exempt from LPT for the years 2013 to 2021 (inclusive) on the basis of being located in an unfinished housing estate. In accordance with the legislation, the property will become liable to the tax from 1 January 2022. I have no plans to extend any of the exemptions that are due to expire on 31 December 2021.