All homes bought in 2013 are exempt from Property Tax till 2017

Ogham · 09-11-2013 02:36PM #1

Because of a missed error in the legislation - all homes (lived in by the owner) that were bought anytime in 2013 are exempt from the LPT for 2013/2014/2015/2016.
(Notjust firsttime buyers as was the original intention.

More detail here .. http://www.moneyguideireland.com/all-homes-bought-during-2013-are-exempt-from-property-tax-until-2017.html

newbie2013 · 09-11-2013 05:33PM

Ogham wrote: »

Because of a missed error in the legislation - all homes (lived in by the owner) that were bought anytime in 2013 are exempt from the LPT for 2013/2014/2015/2016.
(Notjust firsttime buyers as was the original intention.

More detail here .. http://www.moneyguideireland.com/all-homes-bought-during-2013-are-exempt-from-property-tax-until-2017.html

:pac::pac::pac::pac::pac: The irish government, CANT DO FCUK ALL RIGHHT! Simple fcukers

Victor · 09-11-2013 06:32PM

Only for the moment. They can easily change it in the Finance Act, reducing the exemption to 2013 only.

Lyn256 · 09-11-2013 07:27PM

:D:D:D:D:D:D:D

That's just made my evening!!!

Ogham · 09-11-2013 07:53PM

Victor wrote: »

Only for the moment. They can easily change it in the Finance Act, reducing the exemption to 2013 only.

They have known about this "error" since at least July - so they could have amended it if they wanted too. They probably won't bother correcting it now - it only means around 6000 people getting the exemption that wouldn't have.

Bigcheeze · 09-11-2013 08:02PM

Victor wrote: »

Only for the moment. They can easily change it in the Finance Act, reducing the exemption to 2013 only.

Not sure about that. Someone could legally challenge it saying they bought a house based on the legislation.

SherrySherry · 09-11-2013 09:34PM

Hi, I'm currently in the process of buying a house. There has been a delay due to a planning permission issue and the earliest it will be resolved is Jan 2014. Does this mean I will have to pay property tax in 2015
And 2016? I know I don't need to pay for 2014 as the cut off date was Nov 1st. On all of the documentation it says the first time buyers exemption applies if you buy before 31st Dec. this seems unfair to those who buy in 2014. Any advice would be greatly appreciated.
many thanks.

Ogham · 09-11-2013 09:37PM

SherrySherry wrote: »

Hi, I'm currently in the process of buying a house. There has been a delay due to a planning permission issue and the earliest it will be resolved is Jan 2014. Does this mean I will have to pay property tax in 2015
And 2016? I know I don't need to pay for 2014 as the cut off date was Nov 1st. On all of the documentation it says the first time buyers exemption applies if you buy before 31st Dec. this seems unfair to those who buy in 2014. Any advice would be greatly appreciated.
many thanks.

Yes you will be liable in 2015 and 2016.
They had to have a cut off point - and Dec 31st seemed a good one I suppose.

SherrySherry · 09-11-2013 09:47PM

Ogham wrote: »

Yes you will be liable in 2015 and 2016.
They had to have a cut off point - and Dec 31st seemed a good one I suppose.

Thanks for the clarification. This is a shame as we didn't know about the PP issue when we paid the deposit back in August! We were supposed to move in during October

newbie2013 · 09-11-2013 10:36PM

What penalties are there with not paying the tax. I havent paid mine or even the household charge. I was suppose to pay 150euro this year and x amount last year.

GoldieLocks99 · 10-11-2013 08:58PM

Bigcheeze wrote: »

Not sure about that. Someone could legally challenge it saying they bought a house based on the legislation.

They wouldnt get far.

Ogham · 10-11-2013 11:01PM

newbie2013 wrote: »

What penalties are there with not paying the tax. I havent paid mine or even the household charge. I was suppose to pay 150euro this year and x amount last year.

See Here http://www.moneyguideireland.com/property-tax-penalties.html

Glenbhoy · 11-11-2013 02:59PM

SherrySherry wrote: »

Hi, I'm currently in the process of buying a house. There has been a delay due to a planning permission issue and the earliest it will be resolved is Jan 2014. Does this mean I will have to pay property tax in 2015
And 2016? I know I don't need to pay for 2014 as the cut off date was Nov 1st. On all of the documentation it says the first time buyers exemption applies if you buy before 31st Dec. this seems unfair to those who buy in 2014. Any advice would be greatly appreciated.
many thanks.

It will depend on your status and the exact wording of the amended legislation. If you are a FTB then I would assume you will still be exempt, the issue may be who exactly is a FTB - for example couples where one member had never previously owned a property and one had, couples who had purchased previously, sold without exhausting their 7 years FTB relief, persons who had owned properties in other countries etc etc

Ogham · 11-11-2013 03:07PM

Glenbhoy wrote: »

It will depend on your status and the exact wording of the amended legislation. If you are a FTB then I would assume you will still be exempt, the issue may be who exactly is a FTB - for example couples where one member had never previously owned a property and one had, couples who had purchased previously, sold without exhausting their 7 years FTB relief, persons who had owned properties in other countries etc etc

Only buyers who purchase in 2013 are exempt. Not all FTB's will not be exempt if they buy in 2014 - but buyers of new homes will be !
"New and unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2016 are exempt until the end of 2016"
see http://www.moneyguideireland.com/local-property-tax-exemptions.html

pwurple · 11-11-2013 11:39PM

Awesome! Now, how to cancel that payment..

stevedublin · 11-11-2013 11:43PM

pwurple wrote: »

Awesome! Now, how to cancel that payment..

I think they refund you if you paid when you shouldn't

pwurple · 12-11-2013 12:06PM

stevedublin wrote: »

I think they refund you if you paid when you shouldn't

And they don't..... 1 hour on phone trying to persuade the numpty that even though I am NOT a first time buyer, that I am still eligible for this. Even referred them to their own document on it.

http://www.revenue.ie/en/tax/lpt/properties-purchased-in-2013.html

But... no, this particular phone-jockey was sure I was not eligible and refused to refund me. I'll have to write instead I'd sya.

horse7 · 14-11-2013 02:06PM

so a FTB buying in 2014 has no exemption for LPT .

Ogham · 14-11-2013 02:47PM

horse7 wrote: »

so a FTB buying in 2014 has no exemption for LPT .

As I mentioned earlier
No specific exemption for FTBs buying after 2013 - but ... "New and unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2016 are exempt until the end of 2016"

see http://www.moneyguideireland.com/local-property-tax-exemptions.html

jon1981 · 14-11-2013 02:55PM

Just to point out , if you buy a house post 1st of November 2013, the owner on the 1st of November is liable for the tax in 2014 (unfair i know). So you the buyer will not have to pay for 2014.

Ogham · 14-11-2013 03:02PM

jon1981 wrote: »

Just to point out , if you buy a house post 1st of November 2013, the owner on the 1st of November is liable for the tax in 2014 (unfair i know). So you the buyer will not have to pay for 2014.

That's what the first post was pointing out.!
All buyers of homes during 2013 are exempt for 2013 + 2104 + 2015 + 2016

jon1981 · 14-11-2013 03:35PM

Ogham wrote: »

That's what the first post was pointing out.!
All buyers of homes during 2013 are exempt for 2013 + 2104 + 2015 + 2016

Maybe my point wasn't clear, what I meant was if you buy the house on the 1st of Jan 2014, the previous owner is still liable for the 2014 tax. Basically whatever happens you still dont have to pay 2014 prop tax.

All homes bought in 2013 are exempt from Property Tax till 2017

Comments