Incorrect valuation for LPT

hairyslug

Hopefully someone can help as I am slightly confused
I am in the process of selling my parents house.

They had paid the LPT up until their deaths in 2015. I have paid for 2016 and 17. The valuation on the LPT site is considerably less that what the house is selling for. I have looked at other houses in the area that sold in 2013 and there is nothing in that bracket either.

If I am to adjust the valuation on the LPT site to bring it up to date, will I have to pay the increased amount for all years from 2013 to today.

Thanks

Marcusm

hairyslug wrote: »

Hopefully someone can help as I am slightly confused
I am in the process of selling my parents house.

They had paid the LPT up until their deaths in 2015. I have paid for 2016 and 17. The valuation on the LPT site is considerably less that what the house is selling for. I have looked at other houses in the area that sold in 2013 and there is nothing in that bracket either.

If I am to adjust the valuation on the LPT site to bring it up to date, will I have to pay the increased amount for all years from 2013 to today.

Thanks

Talk to the solicitor handling the sale - they will have experince with the processs you need to go through with Revenue to confirm that the original valuation was acceptable notwithstanding that it now may be much greater. That assumes that your parents made a genuine effort to value it (which I imagine most will have done). By example, I purchased a house in Dublin last year which was at a 50% premium to the LPT value. Revenue was happy to confirm the appropriateness of the original valuation.

PeteK*

Login to the LPT and show them house prices for the area through a message on your account.
It can take a week or more for them to reply, but when you show them house prices, links, price register, they just adjust it.
They did for me.