I am advised by Revenue that the number of properties for which exemptions have been claimed are set out in the table by exemption type and show the latest data available at 31 December 2018.
|
EXEMPTION TYPE
|
To end 2018 - No. (000s)
|
|
Charitable bodies (recreational activities)
|
0.2
|
|
Charitable bodies (special needs accommodation)
|
7.7
|
|
Registered nursing homes
|
0.3
|
|
Properties vacated because of long-term medical/physical infirmity
|
7.6
|
|
Residence of severely incapacitated person
|
2.0
|
|
Properties fully chargeable to commercial rates
|
2.3
|
|
Unfinished housing estates
|
3.3
|
|
Significant pyrite damage
|
1.4
|
|
Certain properties purchased between 1 January 2013 and 31 December 2013
|
11.7
|
|
Trading stock of builder/developer unsold at 1 May 2013 (6,600), or sold in the period 1 January 2013 to 31 October 2019 (5,200)
|
11.8
|
|
TOTAL
|
48.3
|
The various exemption types are generally open-ended. However, there are two that have a fixed statutory end date of 31 December 2019; i.e. certain properties purchased between 1 January 2013 and 31 December 2013 and trading stock of builder/developer sold in the period 1 January 2013 to 31 October 2019. The number of exemptions claimed is 11,700 and 5,200, respectively. These exemptions have their statutory basis in sections 8 and 9 Finance, respectively, (Local Property Tax) Act 2012 (as amended). In line with my decision to defer the revaluation date to 1 November 2020, all exemptions will be further extended to this date and any necessary legislative provisions will be introduced in due course in an amending LPT Bill.
