S.L. 123.203 Art. 4Vacant property. 

(1) This rule applies to any transfer of property that satisfies all the following conditions:

(a) the property transferred is a building and its construction was completed at least twenty (20) years before the date of the transfer;

(b) the property transferred is vacant on the date of the transfer and has been vacant for a period of at least seven (7) continuous years immediately preceding that date;

(ba) the parties to the deed of the transfer or any of them produce a Planning Authority site plan of the property with an indication of the boundaries of the site as plotted by the Planning Authority and an indication inserted by an architect of the distance of the property from the nearest street corner;

(c) the transferor declares to the notary who publishes the deed of the transfer that the conditions mentioned in paragraphs (a) and (b) are both satisfied and that declaration is confirmed by an architect’s report relating to the date of the completion of the construction of the property and a report by

ARMS Ltd (a limited liability company with registration number C46054) relating to the period for which the property has been vacant and/or such further or alternative documents and evidence as the Commissioner may determine by means of guidelines published for the purposes of article 96 of the

Income Tax Act and article 22A of the Duty on Documents and

Transfers Act and the notary makes note in the deed of the said declaration and documents;

(d) the reports and evidence mentioned in sub-

paragraphs (ba) and (c) are delivered to the Commissioner on such form and in such manner as he may approve together with the notice of the transfer referred to in article 51 of the Duty on

Documents and Transfers Act.

(2) When there is a transfer to which this rule applies, and the owner subsequently transfers a divided part of the property in question, the latter transfer shall not be treated as a transfer to which this rule applies.