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.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 iswww.revenue.ie
I have just found a reply stating that as the flats/apartments cannot be sold separately only one LP T is required.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.
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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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.I have just found a reply stating that as the flats/apartments cannot be sold separately only one LP T is required.
file:///C:/Users/byrneal/Downloads/193833_b43805fb-796a-4944-902f-ebb35518ca03.pdf
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.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?
I read everything at the time and it was never the case that it was per unit. In stark contrast to both the NPPR and the Household charge. If you have Revenue advise from the time that advised that it's per flat I'd really appreciate seeing it.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.
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.
So does that mean any house that has a self-contained unit rented to tenants should be paying extra LPT?
You were correct. But it's no longer the case since the new valuations . I'm sure that this change of policy would have been highlighted to landlords by revenue, and brought to the attention of accountants in a revenue briefing etc. @T McGibneyI have just found a reply stating that as the flats/apartments cannot be sold separately only one LP T is required.
Revenue these days brief accountants on very little, least of all LPT. We of course can access the usual eBriefs, Tax & Duty Manuals etc as can everyone else.You were correct. But it's no longer the case since the new valuations . I'm sure that this change of policy would have been highlighted to landlords by revenue, and brought to the attention of accountants in a revenue briefing etc. @T McGibney
Oddly my sibling in Ireland has not heard of any such information from his accountant, he didn't read any newspaper article about it, nor did he see a letter from revenue telling him of the change in 2022.
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