Revenue have issued detailed notes on the Vacant Homes Tax (VHT).
- It applies for each year 1 November to 31 October and the first return is due on or before 7 November 2023
- Self assessment and applies to vacant residential properties in certain circumstances
- Within scope if in use for less than 30 days in a chargeable period (1/11 to 31/10)
- 3 times LPT (disregarding the local adjustment factor)
- Exemptions of which there are 8 have to be claimed - as in you must file a return to avail of them
- If not a property for LPT - VHT does not apply
- In use more than 30 days as a dwelling - VHT does not apply (see example in Revenue document)
- During the period property is exempt from LPT or you sell or dispose of it - or subject to a tenancy of more than 30 days VHT does not apply
- Chargeable person is not always the owner.