LPT exemptions and reliefs for 2013 to 2021
Builders or developers with properties built but unsold
This Local Property Tax (LPT) exemption applied from 2013 to 2021 to properties constructed and owned by a builder or developer that remained unsold. To qualify for the exemption, the property should:
- have been constructed as part of the builder or developer's trade
- have not yet been used as a residence
- not have generated an income that was subject to Income Tax or Corporation Tax.
This exemption is not available for the LPT valuation period from 2022 to 2025 inclusive.
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