Jurisdiction(s):
Ireland

Ireland: Finance Bill 2025—Finalised Housing Tax Measures: VAT Cut for Apartments, Enhanced Corporation Tax Deductions, RZLT Changes, Stamp Duty Refund Extension, Cost Rental Exemption, Retrofitting and Living City Reforms

Published on: 12 December 2025

Published by a LexisNexis Ireland - Property expert

Legal News

Article summary

Following our earlier note on Tax Measures to Support the Housing Market within the Finance Bill 2025, this update sets out the final legislative provisions introduced to the Bill after Committee Stage changes. The Bill has now cleared Dáil Éireann and features tax measures to boost housing delivery and regeneration. It outlines definitive provisions now reflected in the finalised legislation, following the Committee Stage.

VAT reduction for new apartment sales

Budget 2026 confirmed a cut in VAT from 13.5% to 9% on sales of new apartments. Since its initial unveiling, the scope has been broadened to include construction services associated with new apartments.

Initially, the relief applied solely to supplying apartments delivered under a social policy. The Bill now provides that from 8 October 2025 to 25 November 2025 the new VAT rate applies to the supply of qualifying new apartments; from 26 November 2025 onwards, it applies to both the supply and construction of apartments and apartment blocks, including Purpose-Built Student Accommodation, where these are delivered under a social policy
These measures are scheduled to run until 31 December 2030
The definition of ‘apartment block’ follows stamp duty law: a multi-storey building that comprises, or will comprise, not less...

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