Hi, so there's this person - let's call them a friend - that has owned a 2nd property in Dublin since 2005. The plan on buying it was to have it as a pension as friend is self-employed and doesn't have a private pension.
My friend didn't realise or more correctly paid scant attention to the NPPR charge when it came in, as it was initially referred to as a holiday home tax and said friend didn't have a holiday home, only an apartment in Dublin that's rented out. So no NPPR has been paid on the apartment up until now.
So now my friend is starting to worry as there are fines building up and also it looks like there could be a charge against the property when the time comes to sell it (this could well be 25 years from now when the mortgage is paid off). So some questions:
- What will happen if my friend doesn't pay the NPPR?
- If my friend does pay before June 30th this year, can they claim that they only own the property for a year (i.e. tell porkies) or will they be liable for the previous years plus the fines also?
- When my friend goes to sell the property in 25 years and the NPPR has never been paid, what's likely to happen?
Any other info much appreciated.
Many thanks.
My friend didn't realise or more correctly paid scant attention to the NPPR charge when it came in, as it was initially referred to as a holiday home tax and said friend didn't have a holiday home, only an apartment in Dublin that's rented out. So no NPPR has been paid on the apartment up until now.
So now my friend is starting to worry as there are fines building up and also it looks like there could be a charge against the property when the time comes to sell it (this could well be 25 years from now when the mortgage is paid off). So some questions:
- What will happen if my friend doesn't pay the NPPR?
- If my friend does pay before June 30th this year, can they claim that they only own the property for a year (i.e. tell porkies) or will they be liable for the previous years plus the fines also?
- When my friend goes to sell the property in 25 years and the NPPR has never been paid, what's likely to happen?
Any other info much appreciated.
Many thanks.