Another loophole? Sell before 31 Dec 13 and avoid LPT

Brendan Burgess

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There was a solicitor on Joe Duffy yesterday claiming a new loophole.

This applies to people who owned the house on 1 November 2013 but who sell it before 31 Dec 2013. As of now, they are liable for the full LPT for 2014.

I have no idea if it's valid or not. However, if I was selling, I would certainly be watching this one.

As reported by broadsheet.ie

 
I heard her, she made a very good case for a different interpretation of the particular section of the rules claiming they had not linked correctly the qualifying criteria for exemption to the illness of the owner.

Be very interesting to see if this would work, I'm sure Joe will have further on it today.
 
I don't know who drafted it or what Govt agency, if any, they're employed by, but for me it boils down to the government steamrolling the entire thing through to please the Troika - these kind of messes are what will happen when the implementation of anything is rushed.

It's like giving someone 5 minutes to hardboil an egg - and now it's all over everyone's faces...!
 
Didn't realise this was rushed by the government, I thought it took years to get his legislation.
 
The legislation was guillotined in the Dáil so most of it was never discussed in detail. Hence the current mess. Off topic, I fully expect that the "5am Dáil Bar" abortion legislation will end up causing similar problems.
 
We are selling a house, closing date 29 November. An apportionment agreement had been signed to cover the LPT we are liable for. As a result of the recent controversy our solicitor now informs us that this agreement is now void. My query is, as the law has not changed (just the loophole highlighted), is it right that my agreement has been voided? What will happen to the people who bought properties between May and December and are honouring such apportionment agreements? Will they get their money back and from whom?