LPT per property or per unit/flat

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Bronte

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If a single property is divided into 3 flats does it require an LPT per flat. It was clear for NPPR it was per 'unit'. So if you had a house and a granny flat, or if you had one house divided into 2 or 3 flats you paid per flat/unit.

This is a case of one legal title, one gas/water charge. It would have been one corporation rates, now one bin charge. Electricity is per flat. Was 3 NPPR's. And there are this year 3 BER's.

What is the legal/tax position on here. With a link if possible.

For historical context LPT is in existence since 2012.
 
ClubMan said:
First result in a Google search for "lpt unit flat".

Residential properties that are liable for LPT

This page explains what a liable property for Local Property Tax is
www.revenue.ie www.revenue.ie
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I am totally shocked to read this now . I most definetly have correspondence somewhere from someone in LPT section advising at the time that it was only one payment per house irrespective of how many units once all under the one roof.
Reason I enquired was because I had to pay the penalties for nppr as had only paid one nppr instead of 3.

Must try find the correspondence.
 
Meath Lady said:
I am totally shocked to read this now . I most definetly have correspondence somewhere from someone in LPT section advising at the time that it was only one payment per house irrespective of how many units once all under the one roof.
Reason I enquired was because I had to pay the penalties for nppr as had only paid one nppr instead of 3.

Must try find the correspondence.
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I have just found a reply stating that as the flats/apartments cannot be sold separately only one LP T is required.
 
Meaning of a “residential property”
Part 01-01
This document should be read in conjunction with sections 2 and 2A of the Finance
(Local Property Tax) Act 2012 (as amended)
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Prior discussions

https://www.askaboutmoney.com/threads/local-property-tax-lpt-how-much-would-a-professional-valuation-cost.175109/

https://www.askaboutmoney.com/threads/lpt-are-owners-afraid-to-disagree-with-revenues-estimate.177742/

https://www.askaboutmoney.com/threads/what-happens-if-purchasers-find-the-seller-undervalued-the-property-for-lpt.183739/

What happens if purchasers find the seller undervalued the property for LPT?
Moved from another thread What happens in Year 2020 and revenue decides that property x was undervalued in the years 2013/2014/2015/2016. Or conversly what happens if the property was overvalued. Revenue and the Law Society need to get that sorted as well.
www.askaboutmoney.com

LPT: Are owners afraid to disagree with Revenue's Estimate?
I received the LPT1 today for a rental property - a terraced property in an estate of 65 identical and similar houses. One idential property in this estate was sold in May 2012 for €88,000 and one very similar property with one extra bedroom was sold for €89,000 in March 2012. I have printed...
www.askaboutmoney.com


Local Property Tax (LPT): How much would a professional valuation cost?
How much would a valuation cost for Local Property Tax purposes?
www.askaboutmoney.com
 
Meath Lady said:
I have just found a reply stating that as the flats/apartments cannot be sold separately only one LP T is required.
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We had many discussions on here, including about what a relief it was we no longer had to pay the NPPR per unit. When this new rate/tax was introduced it was all about how do you value a property, revenue themselves created valuation bands that we could rely on. I valued my divided property based on my real life view of the property price at the time. And thought no more of it.

My flats cannot be sold separately, they are not 3 separate flats, instead they are one building that was divided into 3 flats before I purchased them.
 
2013 Tax briefing. No mention that it was per unit/flat. It was all about property bands. All about looking up prior sales, getting an auctioneer, using the revenue valuation, looking at the property price register.

The Revenue Commissioners will provide indicative property values that liable persons can rely on to assess the valuation band for their property. Alternatively, a liable person can self-assess or use a competent valuer. Where the Revenue indicative value is selected, or where certain procedures (such as engaging a professional valuer) which will be published in guidelines or regulations, are followed by liable persons, property valuations will not be challenged by the Revenue B.28Commissioners. This, and the 3-year valuation date, will provide certainty for liable persons in relation to valuation
 
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Anybody hear a rule that if a flat can be rented separately they have to be valued separately for LPT?

I don't recall such guidance from revenue in 2012?
 
Bronte said:
Anybody hear a rule that if a flat can be rented separately they have to be valued separately for LPT?

I don't recall such guidance from revenue in 2012?
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I cannot quote the rule, but this is how we did it. It was probably what Revenue advised at the time, as it brings in more money. 5 Units * Min LPT rate is more than the value of the House's LPT rate.
 
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