Revenue eBrief No. 205/25
30 October 2025
Local Property Tax - Finance Act 2025 Update
Revenue has updated the Local Property Tax (LPT) Tax and Duty Manuals (TDMs) listed below to reflect the changes introduced by the Finance (Local Property Tax and Other Provisions)(Amendment) Act 2025. These changes include:
- Revised valuation bands and rate changes for the calculation of LPT liabilities for the year 2026 onwards.
- The extension of the 4-year valuation period to 5 years with effect from 1 November 2025 and for all valuation periods thereafter.
- The broadening of the exemption from LPT for certain properties that have been damaged by the use of defective concrete blocks in their construction to reflect legislative changes to the Defective Concrete Block Remediation Scheme.
- The reduction of €105,000 in chargeable value of properties adapted for occupation by disabled persons.
The following TDMs have been updated where necessary to reflect these changes:
- 01-01 Meaning of residential property
- 02-00 Properties used for diplomatic purposes
- 02-01 Overview of Exemptions
- 02-02 Residential properties fully subject to commercial rates
- 02-03 Long term mental or physical infirmity
- 02-05 Special needs accommodation
- 02-06 Property used by a charity for recreational activities
- 02-11 Permanently and totally incapacitated individuals
- 02-12 Exemption for residential properties owned by a North-South Implementation Body
- 02-13 Properties constructed using defective concrete blocks
- 04-01 Valuation of a residential property*
- 04-02 Change of liable person during a valuation period
- 04-03 Property adapted for occupation by disabled persons
- 07-02 Surcharge for non-compliance with LPT.