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Local property tax on house purchase

  • 13-04-2015 6:41pm
    #1
    Richard571
    Registered Users, Registered Users 2 Posts: 103 ✭✭


    So, 2 days before picking up keys our solicitor said the vendors solicitor wants us to pay a pro-rata of LPT for 2015 (which would amount to €371.25).

    Whilst this was not mentioned before by vendor and I think he is chancing his arm only requesting now we have things lined up to move in and delaying by non payment may be more trouble than its worth.

    What's normal practise in this regard? Should we pay on the basis that we are going to be in the house for most of the year and no risk to moving in dates or do we hold firm and say that as they owned the property on liable date (1st Nov 2014) they have to take the hit.

    What say you all?


Comments

  • #2
    garhjw
    Closed Accounts Posts: 1,424 ✭✭✭garhjw


    My dad sold a house last year and they lpt was pro rated. This was included in contract for sale


  • #3
    exaisle
    Registered Users, Registered Users 2 Posts: 2,675 ✭✭✭exaisle


    AFAIK the full LPT is paid for the year by the vendor and the purchaser reimburses the vendor at closing.


  • #4
    Millem
    Registered Users, Registered Users 2 Posts: 7,729 ✭✭✭Millem


    exaisle wrote: »
    AFAIK the full LPT is paid for the year by the vendor and the purchaser reimburses the vendor at closing.

    Yes that's what we were told too


  • #5
    Gumbo
    Moderators, Society & Culture Moderators Posts: 40,339 Mod ✭✭✭✭Gumbo


    Richard571 wrote: »
    So, 2 days before picking up keys our solicitor said the vendors solicitor wants us to pay a pro-rata of LPT for 2015 (which would amount to €371.25).

    Whilst this was not mentioned before by vendor and I think he is chancing his arm only requesting now we have things lined up to move in and delaying by non payment may be more trouble than its worth.

    What's normal practise in this regard? Should we pay on the basis that we are going to be in the house for most of the year and no risk to moving in dates or do we hold firm and say that as they owned the property on liable date (1st Nov 2014) they have to take the hit.

    What say you all?

    Standard practice, also the same for Management Fees if they occur. We were reimbursed a pro rata amount for them when we sold up. We have also just bought this month and we owed a pro rata for the LPT for 2015.


  • #6
    catrionanic
    Registered Users, Registered Users 2 Posts: 2,091 ✭✭✭catrionanic


    Make sure you get proof of payment. We paid a pro rata amount to the vendor, on the understanding that she would then pay the LPT herself in full. She took the money and ran, and now we are liable to pay for the whole year, on top of what we transferred to her.


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