New start relief
New Start Relief is offered for new properties built since 1 April 2013 that remain unoccupied. The ratepayer can apply for 100% rate relief for up to 18 months whilst it is unoccupied. There is no upper rateable value cap for property, but the relief is capped under State aid de minimis meaning no business can receive more than €200,000 over a rolling 3 year period.
The relief can be applied if the following circumstances are all met for the property:
- The property is entered onto the valuation roll between 1 April 2013 and 31 March 2018.
- The property is unoccupied at the time of entry on the valuation roll.
- The new entry is not as a result of a combination or division of existing entry on the valuation roll or due to the refurbishment or change of an existing entry on the valuation roll (including conversion of a domestic property or a property previously exempt from rating).
The relief need not apply to a continuous period, and can apply if the property is unoccupied on or before 31 March 2020.