LPT when Selling

Triman111

Registered User
Messages
2
hi,
We bought out house in 2016 for 420k,
The LPT paid each year b4 that by previous incumbent was in the 250-300k bracket.
We continued to pay the LPT at the valuation figure of 2013 which was in the 250 -300k bracket?
Should we have increased the band when we bought in 2016.
We now are thinking of selling, do we need a specific clearance form to explain why we paid at the same band all the wya through? or what should we do! Thanks for reading!
 
LPT is calculated on the self-assessed value of the property as at the valuation date of 1 May 2013 (the next valuation date is 1 November 2021).

If you paid €420k for the property in 2016, then I suspect the previous owners were reasonable in their assessment of the value back in 2013.
 
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