Revenue has updated several guidance manuals to reflect the changes introduced by the Finance (Local Property Tax and Other Provisions) (Amendment) Act 2025. The updated manuals include details of the revised valuation bands and rate changes which will apply to Local Property Tax (LPT) liabilities from 2026 onwards, and the extension of the valuation period from four to five years effective 1 November 2025.
Legislative changes have also broadened the exemption for properties affected by defective concrete blocks in their construction and introduced a €105,000 reduction in chargeable value for homes adapted for 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.
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