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Building Regulations Application

Dáil Éireann Debate, Tuesday - 16 April 2013

Tuesday, 16 April 2013

Questions (208)

Dominic Hannigan

Question:

208. Deputy Dominic Hannigan asked the Minister for Finance his views on a matter regarding compliance with building regulations (details supplied); and if he will make a statement on the matter. [17406/13]

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Written answers

The Finance (Local Property Tax) Act 2012 (as amended) sets out in detail how the tax is to be administered and provides how a residential property is to be valued for LPT purposes. I am advised by the Revenue Commissioners that Local Property Tax (LPT) is a self-assessment tax so in the first instance it is a matter for the property owner to calculate the tax due based on his or her assessment of the market value of the property. While there is no specific exemption available for a property that has been declared to be non-compliant with building regulations, it will be a matter for the property owner to decide whether non-compliance with building regulations has a material impact on the value of the property, and if so, to what extent. The Revenue Commissioners have prepared valuation guidance which, together with a liable person’s own knowledge of their property, will assist them in choosing the correct valuation band for their property. One of the advantages of the banding system of values provided for in the legislation is to remove the need for precision in relation to the market value, except for properties worth over €1 million. As I have stated before in the House, where Revenue’s guidance is used honestly the property valuation will not be challenged by Revenue, in accordance with their normal Customer Service Charter.

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