Property Tax Query

Hi,

I went through the sticky but still not sure about the exemptions mentioned.

Here's my situation in brief;

I built a brand new house and am a first time mortgage holder.
We only moved in this year.

Does the exemption apply? From what I read it says up to 2016?

Mr. Incognito

It only applies to properties purchased prior to dec 31 2013 so no

Mr. Incognito

Mr. Incognito wrote: »

It only applies to properties purchased prior to dec 31 2013 so no

As in existing houses? We are first time buyers but we built. So if the house was ready last year what's to say we are not included? It's still very vague.

Mr. Incognito

Self builds are excluded from the definitions of the exemption. No relief is available to you. Sorry

Link. http://www.revenue.ie/en/tax/lpt/exemptions.html

Mr. Incognito

Mr. Incognito wrote: »

Self builds are excluded from the definitions of the exemption. No relief is available to you. Sorry

Link. http://www.revenue.ie/en/tax/lpt/exemptions.html

Ok painful news but thanks for your help.

HcksawJimDuggan

M!Ck^ wrote: »

Ok painful news but thanks for your help.

Another Household charge/LPT query to add to the mix.

House on farmland which is held in a UK trust and was transferred prior to 2012.

I note on the revenue website that it mentions trustees are liable, where the property is held in a trust. However, it doesn't specify whether this relates to foreign trusts or not.

I queried it with the LPT Helpline and they confirmed the property was not liable. However, the individual from LPT didn't seem to know a whole lot and had me on hold for a couple of minutes, I presume to check with colleagues.

Can anyone confirm if properties held in UK trusts are exempt?

Mr. Incognito

Irish assets are subject to Irish tax regardless of where the owner is resident.

The trustees will be liable. If they do not pay it the tax will attach as a charge against the property which will be required to be discharged on any subsequent sale