Dáil Éireann Debate, Tuesday - 17 December 2013
162. Deputy Patrick O'Donovan asked the Minister for Finance the position regarding the local property tax in respect of a person (details supplied) in County Wexford; and if he will make a statement on the matter. [54248/13]
View answerI am advised by Revenue that for Local Property Tax (LPT) purposes, the liability date for 2014, in accordance with the Finance (Local Property Tax) Act 2012 (as amended), is 1 November 2013. On that basis, the owner of a residential property on 1 November 2013 is responsible for paying the tax for 2014. If an owner sells a residential property after 1 November 2013, he/she remains liable to pay the LPT due on the property for 2014, even if it is sold before the end of 2013. The Act places a number of obligations on property vendors. For example, before the completion of a sale the vendor should submit all outstanding LPT Returns, pay all outstanding LPT, and self-correct any Return where there has been an under-declaration of value. The vendor must also provide the purchaser with details of the valuation band declared on the 2013 return and the basis for arriving at the valuation. Finally, the vendor must provide LPT ‘clearance’ to the purchaser confirming that there are no outstanding LPT liabilities or filing requirements. This information is available to the vendor via the Revenue website at www.revenue.ie .
In the case raised by the Deputy, I am advised that the existing LPT legislation does not provide for a waiver facility in respect of LPT in these circumstances.
