Advertisement
If you have a new account but are having problems posting or verifying your account, please email us on hello@boards.ie for help. Thanks :)
Hello all! Please ensure that you are posting a new thread or question in the appropriate forum. The Feedback forum is overwhelmed with questions that are having to be moved elsewhere. If you need help to verify your account contact hello@boards.ie
Hi there,
There is an issue with role permissions that is being worked on at the moment.
If you are having trouble with access or permissions on regional forums please post here to get access: https://www.boards.ie/discussion/2058365403/you-do-not-have-permission-for-that#latest

Local Property Tax 2021

  • 28-12-2020 1:24pm
    #1
    Beta_2020
    Registered Users, Registered Users 2 Posts: 1 ✭


    Hopefully a quick question (and apologies if questions like this have been answered previously)

    I bought a property in March 2020 for €405k. For LPT purposes up to 2020 the house was valued at <100k (based on valuation in 2013). Extensive renovations were completed on the property in 2016/2017 and the previous owners obtained specific clearance from revenue when the property was sold in March.

    For LPT 2021 that I will pay should I be be using the valuation as of 2013 (<100k), or the price I paid for the property in March (405k)?


Comments

  • #2
    Bobby1984
    Registered Users, Registered Users 2 Posts: 269 ✭✭Bobby1984


    Beta_2020 wrote: »
    Hopefully a quick question (and apologies if questions like this have been answered previously)

    I bought a property in March 2020 for €405k. For LPT purposes up to 2020 the house was valued at <100k (based on valuation in 2013). Extensive renovations were completed on the property in 2016/2017 and the previous owners obtained specific clearance from revenue when the property was sold in March.

    For LPT 2021 that I will pay should I be be using the valuation as of 2013 (<100k), or the price I paid for the property in March (405k)?

    The 2013 valuation date applies until November 2021 when you will be valuing for 2022 (unless the 2013 valuation is extended again).
    I doubt Revenue gave clearance as to the valuation but instead they might have said that LPT was filed and paid up to date. Either way the previous LPT is not your responsibility as far as I know.


Advertisement