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
  • and
  • 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.

If your property was eligible for this exemption, there is no retrospective impact to your LPT liability for the period 2013 to 2021. You will not become liable for an additional LPT Charge for your property for 2013 to 2021 due to the expiry of the exemption on 31 December 2021.

Next: Properties in unfinished housing estates