Closing Property Sale & Changing Bands

[laura28]

Hi All,

Hoping someone can offer some advice here.

Currently selling our apartment and the buyer has requested we pay the LPT for 2017 in full - no issues here and this is done.
I have never really looked into this in much detail before, it is a 2 bed apartment and in Band 2 100-150k range, which was suggested by Revenue in 2013. We are selling for 207k so in a higher band. Is there any impact with this?

Secondly, I had a look on the property price register and in 2013 apartments in our complex sold for under 100k (60-70K). This means we have been in the incorrect band and paying a too high rate since 2013. I contacted Revenue and they have agreed with me, changed the bands and I am now due a refund.

Have I inadvertently created any issues for myself in terms of the sale?

 

[mf1]

"We are selling for 207k so in a higher band. Is there any impact with this? "

No. As the sale price is under 300K

See this Revenue guide.

[broken link removed]

4.2.1 General clearance condition 1– sales price does not exceed €300,000. The condition in this section relates to the price for which a property is sold. Where a property is sold for a price that does not exceed €300,000, general clearance applies. The chargeable value that was declared for the property is not taken into account.

mf