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Local Property Tax-self assessment?

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  • 06-12-2012 12:18am
    #1
    murphaph
    Registered Users Posts: 19,022 ✭✭✭✭


    Is this a joke or what? Why can't they do anything properly in Ireland.

    They should apply a land value tax or something. In Germany I pay property tax, but I don't have to work out the market value of my property every 3 feckin years.

    Is this just to provide work for valuers or what? How can I accurately value my property in a market where so few transactions are taking place? How will Revenue police those who will deliberately under value? My neighbour could be paying a couple of hundred quid a year less for the same type of house!! This is ridiculous.

    I agree in principle with property taxation to establish a more stable and wider tax base. I disagree with the hair-brained way it's being implemented. The state should value areas and tax based on the land value.

    Can I use the property price register as a valid means of estimating value? What happens if I sell up? Will I be liable to CGT based on my (possibly erroneous) lower valuation or will this valuation play any role in CGT liabilities?
    Failed to load the poll.


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