Properties certified as having pyritic damage
If you own a property that has been damaged by pyrite you may be able to claim an exemption. The qualifying conditions for the pyrite exemption were broadened by the Finance (Local Property Tax) (Amendment) Act 2015.
To establish pyrite damage you should refer to the Finance (Local Property Tax) (Pyrite Exemption) Regulations 2013 - S.I. No. 147 of 2013. These regulations are governed by the Department of Housing, Planning, Community and Local Government.
This exemption applies to residential properties that have a significant level of pyrite damage. Qualifying properties will be exempt for a limited period up to six years.
An exemption will apply once one of the following conditions are met:
- Where a 'Certificate of Damage' has been signed off by a competent person. A 'Certificate of Damage' is required in an exact format. Details are set out in the Finance (Local Property Tax) (Pyrite Exemption) Regulations 2013 - S.I. No. 147 of 2013. These regulations are governed by the Department of Housing, Planning, Community and Local Government. If you qualify under these criteria, your property will be exempt from the next LPT liability date.
- Your property is treated as exempt if it is accepted under the Pyrite Remediation Scheme administered by the Pyrite Resolution Board. The exemption is granted on the next LPT liability date after the date of acceptance into the scheme.
- An insurance company has carried out the necessary repairs or provided sufficient funds to carry out the work. If you qualify under these criteria, your property will be exempt from the next LPT liability date after the date the claim is settled.
- The builder who built the property has remedied the property. The exemption will apply on one of the following:
- the next LPT liability date after the work on the property is completed.
- the next LPT liability date after you have received the funds to remediate your property.
More detailed information is available under Further guidance.
Is there any relief if my property fails to qualify for exemption?
If your property was pyrite-damaged but did not qualify for an LPT exemption, you should consider the valuation declared for the property as of 1 May 2013.
You should re-consider the valuation if you did not take account of the impact of pyrite damage and the property was placed in Band 2 (€100,001 - €150,000) or higher.
The exemption to LPT will last for six years from the date your property qualifies. For example, if your property qualifies from the liability date 1 November 2016 it will be exempt from LPT for 2017 - 2023 inclusive.