Dáil Éireann Debate, Tuesday - 17 January 2017
283. Deputy Niamh Smyth asked the Minister for Finance the number of persons in counties Cavan and Monaghan who availed of the option to have their property tax deferred until 2018; the reason stated for this deferral; and if he will make a statement on the matter. [1450/17]
View answerPart 12 of the Finance (Local Property Tax) Act 2012 (as amended) provides for a deferral or partial deferral (50%) of LPT where certain specified circumstances exist. These circumstances include 'Income Level', 'Hardship', 'Personal Insolvency' and 'Personal Representative of a Deceased Person'.
Once granted, a deferral normally remains in place for the duration of the 'valuation period', which is currently 1 May 2013 to 31 October 2019. However property owners can opt to pay the outstanding liability at any time and discontinue with the deferral. Where a deferral is in place, the outstanding liability remains as a charge on the property and must be paid before a sale or transfer can be completed. Interest is also charged on the deferred amount at a rate of 4% per annum.
The table sets out the numbers of deferrals that are currently in place in Counties Cavan and Monaghan.
|
Local Authority |
Income Levels/Hardship |
Personal Insolvency |
Rep. Deceased Person |
Total |
|
Cavan |
821 |
15 |
13 |
849 |
|
Monaghan |
656 |
10 |
15 |
681 |
Finally, Revenue has recently published detailed LPT statistics in respect of 2016, which may be of interest to the Deputy. The information can be accessed via the following link. http://www.revenue.ie/en/about/statistics/local-property-tax-2016.pdf.
