Thursday, 17 January 2013

Local Property Tax 2013

The Local Property Tax (LPT) will come into force on 1 July 2013.
A half year payment will be due for the second half of 2013.
A full year payment due from 2014 onwards.
The property owner will be liable for the LPT.
This includes local authorities and social housing organisations.


The exemptions from the LPT will be the same as those applied to the Household Charge, with the following additional exemptions:
  • New and previously unoccupied homes purchased between 1 January 2013 and 31 December 2016 will be exempt up to the end of 2016.
  • Second-hand property purchased by a first time buyer between 1 January 2013 and 31 December 2013 will be exempt until the end of 2016.

The Local Property Tax (LPT) is payable at a rate of 0.18% of the market value of properties (by reference to bands of €50,000) up to €1m and 0.25% on any balance above €1m.

There is a property tax calculator on this site: