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tax on a receivership sale of a house

  • 17-11-2015 5:55pm
    #1
    Coburger
    Registered Users, Registered Users 2 Posts: 324 ✭✭


    Hi,

    I'm interested in buying a house in a receivership sale. There may be outstanding taxes (Local Property Tax, Household Charges, NPPR) on this property.

    Who is responsible for paying them? Am I, as a new owner, responsible for paying any of them?


Comments

  • #2
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    Coburger wrote: »
    Hi,

    I'm interested in buying a house in a receivership sale. There may be outstanding taxes (Local Property Tax, Household Charges, NPPR) on this property.

    Who is responsible for paying them? Am I, as a new owner, responsible for paying any of them?
    The owner at 1st November is liable and pays them though you usually come to an agreement to split the costs on a pro-rata basis.


  • #3
    Coburger
    Registered Users, Registered Users 2 Posts: 324 ✭✭Coburger


    seamus wrote: »
    The owner at 1st November is liable and pays them though you usually come to an agreement to split the costs on a pro-rata basis.

    Is the owner on 1st November just liable for the following year?

    As it is a receivership sale we cannot contact the previous owner. The receiver's solicitor states that there are no outstanding taxes while our solicitors says there may be.

    Would I be liable for arrears which go back three years?


  • #4
    seamus
    Registered Users, Registered Users 2 Posts: 68,317 ✭✭✭✭seamus


    Just looking at the Revenue guidelines here - any unpaid LPT or HHC at the time of the sale becomes a charge upon the property, i.e. payable by the purchaser.

    The method of establishing the LPT situation is straightforward - the vendor supplies a PIN that the purchaser can use to look at the LPT record for the property. Outside of this, the receiver should be able to obtain a balance statement from Revenue to prove that there are no charges outstanding on the property.

    I wouldn't take their word for it. If it's a receivership sale, the LPT may have never been paid on it, so the taxes and charges outstanding could be big enough.


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