2014 LPT Charge for House Bought in 2013

L

LPTQuery

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Hi,
I bought my property where I am now sole occupant and owner in July 2013. All monies owed on the purchase were paid in full before the end of October 2013. Due to the unavailability of the seller's solicitor who did not return phone calls or e-mails, the execution of sale date occured on November 4th, 2013.
Consequently in September of this year I was served with a demand from Revenue to pay the 2014 LPT immediately. Having done so, I felt I had a case to appeal the payment as I believe, having paid 100% of the consideration of the property prior to the 31st of October 2013, I should be recognised as the legal owner of the property as at that date. My appeal was rejected as the sale execution date fell after November 1st, 2013.
Has anybody experienced this? Any advice?
 
What did your solicitor say?

They are dealing with the practicalities of this every day.

As you bought a property in 2013, you should be exempt from LPT until the end of 2016

Anyone who buys a home in 2013 is exempt from LPT until 2017, not just First Time Bs ( 1 2)

Your post is confusing

having paid 100% of the consideration of the property prior to the 31st of October 2013, I should be recognised as the legal owner of the property as at that date.
Click to expand...
If you were the legal owner as of that date, then you are responsible for the LPT for 2014. End of story.

But...

the execution of sale date occured on November 4th, 2013.
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If you did not complete the sale until the 4th November, you were not the owner on 1st November and so should not be liable.


From the Revenue Guide on Sale/transfer of ownership of residential property

I presume one does not own a property until the sale is completed.




 
 
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