The Local Property Tax Manuals (all sections in Part 2 and Section 04–03 in Part 4) have been updated to take account of the changes introduced by the Finance (Local Property Tax)(Amendment) Act 2015. Most of the changes relate to the effect of the three-year extension to the first valuation period on the various exemptions that are available. The valuation period now covers the period 1 May 2013 to 31 October 2019. Where the relevant qualifying conditions are met, the LPT exemptions will now be available for this extended period.

The other changes relate to the reliefs that are available for properties occupied by certain individuals with a disability. The key change relates to the operation of the relief that applies where the value of a property is increased as a result of adaptations to make it more suitable for occupation by an individual with a disability. From the year 2017, the chargeable value of all such properties can be reduced on an annual basis by a fixed amount of €50,000. The guidelines on these reliefs – Guidelines on Local Property Tax Relief for Disabled/Incapacitated Individuals – that are published in the LPT section of www.revenue.ie have also been updated to take account of the changes.

Source: Revenue Commissioners. www.revenue.ie. Copyright Acknowledged.