Bernard Durkan
Question:357. Deputy Bernard J. Durkan asked the Minister for Finance the reason LPT charge is being deducted at source in the case of a person (details supplied); and if he will make a statement on the matter. [1307/24]
View answerWednesday, 17 January 2024
Questions (357)
Written answers
Local Property Tax (LPT) is a self-assessed tax where residential property owners are obliged to determine the amount of tax payable by selecting the appropriate valuation band for their property on their LPT return and making payment arrangements each year for the tax due.
Where LPT payment or deferral arrangements are not made, property owners may be subject to mandatory deduction at source from a salary or occupational pension, as provided for by sections 64, 65, 66 and 67 of the Finance (Local Property Tax) Act 2012 (as amended).
Revenue have advised that, while reminders issued to the person concerned in 2022 and 2023, the LPT return for the valuation period 2022-2025 remains outstanding and arrangements to pay were not made for the years 2022, 2023 or 2024.
In the absence of engagement, Revenue commenced deducting the estimated liability for 2022 and 2023, at source, from the person’s occupational pension. I can further advise that the deduction at source automatically carries forward for the year 2024 unless the person files their LPT return and elects an alternative method of payment. The person concerned should now arrange to file their LPT return for the period 2022-2025, so that the liability can be accurately quantified.
Revenue have further advised that the option to partially defer payment of the liability for 2024 may be available for the person concerned. Further details in relation to deferral of LPT can be found on the Revenue website via the following link: www.revenue.ie/en/property/local-property-tax/deferral-of-payment/index.aspx. Revenue will make contact with the Deputy’s Office in the coming days in that regard.