The Property Price Register is comprised of those houses sold where the purchaser's solicitor has filed a Stamp Duty return with Revenue. That return is typically done within 4-6 weeks of funds being transferred and the sale closed. My experience is that the PPR is up to date within that time frame.
Hi Purple - thanks for the feedback. I actually contacted the PRA who manage this and got some very helpful feedback which reassured me. Some key points:
- declaration is primarily filed electronically by solicitors onbehalf of the purchaser.
- Revenue impose penalties for late declarations (more than 30 days after the transaction).
- The Register is updated each week (generally on a Wednesday)
I would imagine solicitors don't like the idea of penalties so I suspect they are processed ina timely manner and looking at a couple of houses that I know went some, the register was updated pretty quickly.
Roy
I'm pretty sure there has been penalties on stamp duty for as long as you have been buying houses, Purple! The penalties have changed over the years, but they've been around a long, long time.
We used to have to send off the documents by post to the Revenue and wait up to 6 weeks to get them back at times if there was a backlog.
Nowadays paying through ROS and getting a stamp cert electronically we tend to pay and stamp on the closing date, there is no reason to delay.
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?
We use cookies and similar technologies for the following purposes:
Do you accept cookies and these technologies?