Revenue eBrief No. 023/22

31 January 2022

Local property tax: valuation of properties and non-liable diplomatic properties

Two new local property tax (LPT) Tax and Duty Manuals (TDMs) have been published.

TDM Part 04-01 addresses various issues associated with the valuation of residential properties for LPT purposes, such as whether a property is to be valued as a residential property, the way in which certain properties are to be valued and the components of a property that are to be valued.

TDM Part 02-00 sets out the basis on which residential properties used for certain diplomatic purposes are outside the scope of LPT.