Certain number of properties considered exempt from tax
CERTAIN PROPERTIES will be exempt from assessment of the Local Property Tax (LPT) These are: Newly constructed, unoccupied and unsold residential properties;
Where ownership is vested in a public body or an approved charitable body and used to provide accommodation to people with special housing needs such as the elderly or people with disabilities;
Where a principal private residence is unoccupied due to long term mental or physical infirmity of the owner; Mobile home, vehicle or a vessel; Property fully subject to commercial rates;
Houses in certain unfinished developments (unfinished housing estates) as prescribed by law;
Residential properties enjoying protection in other legislation – e.g. diplomatic property;
Exemptions will also apply in the case of:
New and previously unused properties that are purchased from a builder or developer between 1 January 2013 and 31 October 2016 will be exempt until the end of 2016; Second-hand properties purchased by a first time buyer between 1 January 2013 and 31 December 2013 will be exempt until the end of 2016.
Local authority housing and social housing will not be exempt unless it is provided to people with special housing needs such as the elderly or people with disabilities. Liability will rest with the local authority or social housing organisation as owner.