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LOCAL PROPERTY TAXES STICKY!!
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27-11-2013 4:24pm#1http://www.revenue.ie/en/tax/lpt/index.htmlLocal Property Tax (LPT) Login to LPT Online
Extended opening Hours for LPT Helpline
An annual self-assessed Local Property Tax (LPT) charged on the market value of all residential properties in the State came into effect with the passing of the Finance (Local Property Tax) Act 2012 . It is being administered by Revenue and a half-year charge applies in 2013. A full year charge applies in 2014.
IMPORTANT! The deadline for filing your 2014 Payment Instruction on-line is 27 November
Important information for customers:
Guidance on your obligations for 2014 is available at: What do I need to do for 2014?
Sale / transfer of ownership of a residential property after 1 May 2013:
Information on your LPT obligations as a vendor/purchaser is available at: Sale/Transfer of ownership of residential property.
Unpaid Household Charge:
From 1 July, any outstanding Household Charge liability (including late payment penalties) was increased to €200. This was included as part of the LPT liability for the property and will be collected by Revenue. Further information is available at: Payment of Household Charge arrears - Frequently Asked Questions.
Customers who sent correspondence to the LPT Branch:
No further action is required. The LPT Branch are currently reviewing correspondence from customers and you will be contacted if any further information is required.
For up-to-date FAQs on various LPT topics, please select the following link: FAQs.
IMPORTANT! Although the deadline for filing your LPT Return has now passed, you can still file your Return. Further information is available at: Completing your LPT Return.
If you have received a Property ID and PIN you can file your LPT Return as follows: Completing your LPT Return
If you own a residential property and have not received your Property ID and PIN or do not have an Irish PPSN, you are liable for the tax and you can still file your LPT Return as follows: Completing your LPT Return
If you own a residential property in Ireland and are non-resident you can file your LPT Return as follows: Completing your LPT Return
If you have filed your LPT Return but not yet paid the tax or started to make phased payments you need to do so immediately. For information on payment methods see: Payment Options. You can call the LPT helpline at 1890 200 255 with any queries.
Where LPT Return(s) are not filed or the tax is not paid:
Where a customer has not filed his or her LPT Return, Revenue will pursue collection of the Revenue Estimate of LPT as notified in the letter that accompanied the LPT Return. A range of collection options will be utilised by Revenue, including mandatory deduction at source from salary or occupational pension.
In July Revenue began writing to customers who had not met their LPT obligations.Further information is available at: Reminder letters - Frequently Asked Questions
If applying for Tax Clearance the outstanding LPT Return/ payment will be taken into account and the customer will not qualify for a Tax Clearance Certificate.
Chargeable persons (generally self employed persons or companies) may incur a LPT generated Surcharge when filing their Income Tax, Corporation Tax or Capital Gains Tax Return. Further information is available at: LPT Surcharge.
Local Property Tax Parliamentary Questions
LPT Parliamentary Questions Answered
Local Property Tax Compliance Data
2014: Local Property Tax Preliminary Compliance Data as at 7th November 2013 (PDF, 205KB)
2013: Local Property Tax Compliance Data as at 6th November 2013 (PDF, 161KB)
2013: Local Property Tax Preliminary Compliance Data as at 30th September 2013 (PDF, 245KB)
2013: Local Property Tax Preliminary Compliance Data as at 23rd July 2013 (PDF, 143KB)
Legislation
Consolidation of 2012 and 2013 LPT Acts
This is a Revenue administrative consolidation of the Finance (Local Property Tax) Act 2012 and the Finance (Local Property Tax)(Amendment) Act 2013. The amendments have been integrated to give a seamless text.
Consolidation of 2012 and 2013 LPT Acts (PDF, 477KB)
Finance (Local Property Tax) Act 2012 is available on the Houses of the Oireachtas website.
Finance (Local Property Tax)(Amendment) Act 2013 introduced a number of amendments in relation to Local Property Tax. The Finance (Local Property Tax) (Amendment) Act 2013 will be available on the Houses of Oireachtas website shortly.
This page was last updated on: 22 November 20130
Comments
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Fist time Buyers in 2013 Exempt from LPTExemptions for Properties Purchased in 2013 What exemptions from Local Property Tax (LPT) are available for residential properties purchased between 1 January and 31 December 2013?
The legislation governing the administration of LPT provides for a number of exemptions from LPT, two of which are particularly relevant to those who purchased a residential property during 2013:
1. An exemption in respect of new houses purchased from a builder or property developer (Section 9, Finance (Local Property Tax) Act 2012 (as amended) "Purchase of new residential properties in the period 2013 to 2016")
This exemption applies for all years up to and including 2016. Where the property is sold, any subsequent purchaser gets the benefit of the exemption for those years.
2. An exemption for buyers of any house whether new or second-hand, where the house is then occupied as the buyer’s sole or main residence (Section 8, Finance (Local Property Tax) Act 2012 (as amended) "Exemption for first-time buyers")
This exemption applies up to 2016 but only as long as the house is occupied as the purchaser’s sole or main residence. The exemption will not automatically apply to any subsequent purchaser. However, if the property is sold during 2013, the purchaser will qualify for the exemption if the property is occupied as his/her sole or main residence.
It was originally intended that this exemption would only apply to first time buyers which is clear from the heading of section 8 in the legislation (Exemption for first-time buyers). Mortgage Interest relief was phased out on mortgages taken out after 31 December 2012 and this measure was a transitional provision to help first-time buyers in the first year after the abolition of Mortgage Interest relief. However, if the legislation is read literally, the exemption benefits any buyer, not just a first time buyer. The result is that a person who purchases a second hand house and occupies it as a sole or main residence is entitled to the exemption regardless of the fact that they are not a first time buyer.
Revenue has attempted to identify the individuals who may be impacted by this:
Those who bought before 1 May 2013 and paid the0
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