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Property Tax !

  • 30-06-2015 11:12am
    #1
    topdost
    Registered Users, Registered Users 2 Posts: 274 ✭✭


    Can someone please tell me how to calculate property tax at purchase value of 2015 @400K

    Is there any other tax on property ie property tax yearly and CGT .


Comments

  • #2
    Pat Mustard
    Registered Users, Registered Users 2 Posts: 9,554 ✭✭✭Pat Mustard


    http://www.revenue.ie/en/tax/lpt/liability.html
    Contact Revenue if you have queries re LPT.

    There are other historical property taxes such as the NPPR charge (2012) and the Household Charge (2009-2013).

    Capital Gains Tax is a tax on gains made rather than a property tax. However, it can arise on the gain made on the sale of property.


  • #3
    coylemj
    Registered Users, Registered Users 2 Posts: 25,620 ✭✭✭✭coylemj


    topdost wrote: »
    Can someone please tell me how to calculate property tax at purchase value of 2015 @400K

    Is there any other tax on property ie property tax yearly and CGT .

    If you purchased the property in 2015 then you will not be liable for LPT (local property tax) until 2016. The liability date for 2015 was Nov 1st, 2014, whoever owned the property on that date is liable for the 2015 tax.

    http://www.revenue.ie/en/tax/lpt/sale-transfer-property.html

    Capital Gains Tax (CGT) arises on the profit you make when you sell a house but a gain on the sale of your principal private residence is exempt so if you buy a house, live in it and then sell it, any profit you make is exempt from CGT.


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