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 all! We have been experiencing an issue on site where threads have been missing the latest postings. The platform host Vanilla are working on this issue. A workaround that has been used by some is to navigate back from 1 to 10+ pages to re-sync the thread and this will then show the latest posts. Thanks, Mike.
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

Property tax

  • 03-11-2020 5:31pm
    #1
    ElitesTeam
    Registered Users, Registered Users 2 Posts: 282 ✭✭


    Hi,

    I am going drawdown at the end of the month and I got the closing balance. I though the property tax would be paid for this year or does the buyer always pay when its transferred to them?


Comments

  • #2
    Spanish Eyes
    Registered Users, Registered Users 2 Posts: 16,002 ✭✭✭✭Spanish Eyes


    It is pro rata. Seller pays up to date of departure, then you take over. Your solicitor will make sure it works that way.


  • #3
    brisan
    Registered Users, Registered Users 2 Posts: 2,242 ✭✭✭brisan


    Spanish Eyes wrote: »
    It is pro rata. Seller pays up to date of departure, then you take over. Your solicitor will make sure it works that way.

    Are you sure
    I thought whoever owns the property on the 1st November is legally responsible for the bill
    https://www.revenue.ie/en/property/local-property-tax/is-your-property-liable-lpt/what-are-the-key-dates-for-lpt.aspx


  • #4
    DubCount
    Registered Users, Registered Users 2 Posts: 1,092 ✭✭✭DubCount


    Whoever owns the property at 1 November is liable for the bill. However, the parties usually agree to pro-rate the bill.


  • #5
    brisan
    Registered Users, Registered Users 2 Posts: 2,242 ✭✭✭brisan


    DubCount wrote: »
    Whoever owns the property at 1 November is liable for the bill. However, the parties usually agree to pro-rate the bill.

    Usually but don't have to
    Legally whoever owns the house on 1st Nov has to pay the LPT
    So its not pro rata


  • #6
    ElitesTeam
    Registered Users, Registered Users 2 Posts: 282 ✭✭ElitesTeam


    brisan wrote: »
    Usually but don't have to
    Legally whoever owns the house on 1st Nov has to pay the LPT
    So its not pro rata

    So should I ask why solitor why I am paying more than half if it should have been paid by them


  • Advertisement
  • #7
    brisan
    Registered Users, Registered Users 2 Posts: 2,242 ✭✭✭brisan


    ElitesTeam wrote: »
    So should I ask why solitor why I am paying more than half if it should have been paid by them

    They are legally responsible to pay every penny of the LPT for 2021 if they owned the property on 1st November
    I am surprised your solicitor has not flagged this
    The sellers are pulling a fast one


  • #8
    ElitesTeam
    Registered Users, Registered Users 2 Posts: 282 ✭✭ElitesTeam


    brisan wrote: »
    They are legally responsible to pay every penny of the LPT for 2021 if they owned the property on 1st November
    I am surprised your solicitor has not flagged this
    The sellers are pulling a fast one

    Solicitor just got back to me and said its pro rata


  • #9
    Sesame
    Registered Users, Registered Users 2 Posts: 508 ✭✭✭Sesame


    Check the contract, mine says we are splitting it for the year of sale but next year I will be paying it, even though we haven't closed sale yet. So I expect to pay for last 6 or so weeks of this year from the closing date and all of next year.


  • #10
    brisan
    Registered Users, Registered Users 2 Posts: 2,242 ✭✭✭brisan


    ElitesTeam wrote: »
    Solicitor just got back to me and said its pro rata

    Only if you agree ,you do not have to
    However in the general scheme of things its not a lot
    If that is your only unplanned expense you will be doing very well
    Good luck with the new house


  • #11
    DM1983
    Registered Users Posts: 219 ✭✭DM1983


    Its always pro-rata. This is standard among solicitors.

    There might be one or two exceptions if someone decides they want to risk a deal over a few hundred quid.


  • Advertisement
  • #12
    dev_ire
    Registered Users Posts: 157 ✭✭dev_ire


    I would be wary of "being right" but losing a house over potentially very little money in the scheme of property costs. Pick your battles.


  • #13
    kravmaga
    Registered Users, Registered Users 2 Posts: 1,978 ✭✭✭kravmaga


    ElitesTeam wrote: »
    Hi,

    I am going drawdown at the end of the month and I got the closing balance. I though the property tax would be paid for this year or does the buyer always pay when its transferred to them?

    I think you have 2 posts on this question on LPT.

    Good point to make, I rang Revenue today on this very matter as Im Sale Agreed on a property I own, I got my LPT for 2021. Revenue stated that whoever is in the property on 1st November has to pay for the next years LPT.

    So as Im not Sold yet I have to pay the LPT for 2021 for the property I am selling.

    I hope this helps and clarifies the matter, your seller should have paid the LPT on the property you are buying.


  • #14
    paul71
    Registered Users, Registered Users 2 Posts: 3,285 ✭✭✭paul71


    dev_ire wrote: »
    I would be wary of "being right" but losing a house over potentially very little money in the scheme of property costs. Pick your battles.

    Especially given that today is the 6th November and you are talking about 6/365 pro rata payment.


  • #15
    joeysoap
    Registered Users Posts: 6,252 ✭✭✭joeysoap


    Apologies if this has been asked previously. Property bought feb 2013. Tax was paid by previous owner for 2013=. Exempt for 3 years property tax in lieu of martage relief being abolished .(14,15,16) extended by another 3 ( 17, 18, 19) extended by1 year (20)then by another year (21) I can’t believe my good luck.

    Question I have ( assuming above is correct) do the revenue contact me before 2022 or do I have to contact them?


  • #16
    punisher5112
    Registered Users, Registered Users 2 Posts: 24,644 ✭✭✭✭punisher5112


    joeysoap wrote: »
    Apologies if this has been asked previously. Property bought feb 2013. Tax was paid by previous owner for 2013=. Exempt for 3 years property tax in lieu of martage relief being abolished .(14,15,16) extended by another 3 ( 17, 18, 19) extended by1 year (20)then by another year (21) I can’t believe my good luck.

    Question I have ( assuming above is correct) do the revenue contact me before 2022 or do I have to contact them?

    They will most likely contact you as per change, you will be able to log in and if eligible to pay you can do so in full or set up direct debit.


  • #17
    joeysoap
    Registered Users Posts: 6,252 ✭✭✭joeysoap


    Thanks. I am concerned they won’t/don’t contact me and I end up in arrears. They have not contacted me since buying the house. But I can see it on the price property website. And my solicitor was informed before buying (by them) that all taxes were paid up to date. 2013 was an odd year in that the tax was paid before I bought and it was for a half year or something like that.


  • #18
    Geuze
    Registered Users, Registered Users 2 Posts: 13,753 ✭✭✭✭Geuze


    Log into your Revenue account, and look at the LPT records.


Advertisement