Finance (Local Property Tax) (Amendment) Act 2021

Valuation of properties completed or refurbished after valuation date

21. The Principal Act is amended by the insertion of the following section after section 13:

“13A. Where, on a date that is between two consecutive valuation dates, a building becomes a residential property, its chargeable value shall be the value that the building would have had on the preceding valuation date if it had been a residential property on that date.”.