LPT house with subsidence

LoughLiving

I bought my property at a discount due to subsidence, about 40k under the market price. Is such a thing taken into account with the valuation for LPT purposes? Until now I've always just paid their estimate. But it seems this time they're stressing the need for me to make the valuation. Is there any penalty in not making the self-valuation? I would say if anything I've been paying too much so far, subsidence is taken into account.

relax carry on

Why would you pay more than you have to? Have you compared the value of your property to the properties around you that have sold over the years to get an idea of your property's present value? Have you had a valuation of your property carried out? You can put your property into whatever band you want but it's up to you to provide back up to that value I'd requested.

LoughLiving

In fact I haven't been paying too much, my only question therefore is whether the devaluation from subsidence is acceptable for Revenue. It makes the difference between bands in my case.

relax carry on

https://www.boards.ie/discussion/comment/118017399#Comment_118017399

The only ones who can answer that are Revenue. What proofs do you have to support your valuation? Send a query and your proofs and ask Revenue.