Local Property Tax

Cosgrove Gaynard Solicitors

The Local Property Tax (LPT) comes into effect on the 1 July 2013. There will be a half year charge for 2013 and a full charge from 2014 onwards.

Local Property Tax  

The Local Property Tax (LPT) comes into effect on the 1 July 2013. There will be a half year charge for 2013 and a full charge from 2014 onwards.

The main features of the Local Property Tax are as follows:

1. Liable persons are the owners of residential property.

2. The tax will be collected through a self assessment system through the Revenue Commissioners .  

3.  The assessment of the tax will be based on the market value of the property. The market value will fall into one of the tax value bands . A rate of tax has been set against each of the tax bands.

4. Payment can be made by card, instalments or deduction at source.

5. Exemptions exist for certain properties ie newly constructed, mobile homes, certain properties owned by a public body or charities, properties unoccupied due to infirmity and  certain unfinshed developments.

6. Further exemptions exist for new properties purchased before the end of 2016 and for second hand properties purchased by first time buyers in 2013.

All news
Want to Start a Fintech Company in Ireland? Fintech and the law

Check out our new video on setting up a fintech company in Ireland! Do you know what fintech laws you need to abide by? Need a fintech solicitor? Our video has all the fintech answers you need.

Text Link
EU cryptocurrency regulations 2022 update

Crypto regulations Ireland and the EU - update. The law around cryptocurrency may change again, with a set of compromises to the original MiCA legislation announced by the European Union on the 28th of February 2022.

Text Link
Recent case - Norwich Pharmacal Order obtained against Coinbase Europe Limited by Cosgrove Gaynard Solicitors

Cosgrove Gaynard Solicitors were delighted to be involved in a recent case for a private client in the High Court, in which we sought a Norwich Pharmacal Order to direct Coinbase Europe Limited to hand over details of an account/account holder who may be connected with stolen bitcoin.

Text Link
Awards - Fintech Law firm of the Year in Ireland 2022

Awards: Fintech Law firm of the year in Ireland 2022

Text Link
Need a Property Solicitor?

If you’re buying or selling a property, changing mortgages, or investing, it's going to be absolutely vital that you have the services of an expert property solicitor in your corner.

Text Link