THERE ARE JUST a few months left until thousands of homeowners all over the country will become liable for the Local Property Tax.
As announced in the last Budget, it will officially come into effect from 1 July and a half-year charge will apply in 2013.
Next month, Revenue will send homeowners a LPT return (like the one below) and a guide to Local Property Tax. They will also include a notice of the estimated value of a house and how much property tax is due.
Homeowners will be asked to complete a self-assessment of the market value band of their property, claim a deferral of payment if they are eligible to do so or elect for a specific method for payment and return it to the Revenue.
Where the liable person does not submit a return, the ‘Revenue estimate’ will become payable by default and this money will be deducted at the source, i.e. salaries and welfare payments, or through attachment orders.
To embed this post, copy the code below on your site
have your say