Joe died on 20 November 2022 without leaving a will. At the time of his death, Joe lived in an apartment which was his sole residence. His nephew Peter made an application for a Grant of Administration, which was issued on 14 March 2023. The valuation date for the apartment for CAT purposes in this case was 1 December 2024. The Grant of Administration was issued during the chargeable period from 1 November 2022 to 31 October 2023. This means that an exemption from VHT applies for the chargeable period from 1 November 2022 to 31 October 2023.
If the apartment continues to be vacant, an exemption from VHT for Joe’s apartment may be claimed for the chargeable period. The exemption can be claimed for the chargeable period from 1 November 2023 to 31 October 2024. An exemption will not be available for the chargeable period from 1 November 2024 to 31 October 2025. This is because the valuation date will fall during this chargeable period.