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All homes bought in 2013 are exempt from Property Tax till 2017

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    #2
    newbie2013
    Registered Users Posts: 405 ✭✭newbie2013


    Ogham wrote: »
    Because of a missed error in the legislation - all homes (lived in by the owner) that were bought anytime in 2013 are exempt from the LPT for 2013/2014/2015/2016.
    (Notjust firsttime buyers as was the original intention.

    More detail here .. http://www.moneyguideireland.com/all-homes-bought-during-2013-are-exempt-from-property-tax-until-2017.html

    :pac::pac::pac::pac::pac: The irish government, CANT DO FCUK ALL RIGHHT! Simple fcukers


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    #3
    Victor
    Registered Users Posts: 78,415 ✭✭✭✭Victor


    Only for the moment. They can easily change it in the Finance Act, reducing the exemption to 2013 only.


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    #4
    Lyn256
    Registered Users Posts: 857 ✭✭✭Lyn256


    :D:D:D:D:D:D:D:D

    That's just made my evening!!!


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    #5
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    Victor wrote: »
    Only for the moment. They can easily change it in the Finance Act, reducing the exemption to 2013 only.

    They have known about this "error" since at least July - so they could have amended it if they wanted too. They probably won't bother correcting it now - it only means around 6000 people getting the exemption that wouldn't have.


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    #6
    Bigcheeze
    Closed Accounts Posts: 2,858 ✭✭✭Bigcheeze


    Victor wrote: »
    Only for the moment. They can easily change it in the Finance Act, reducing the exemption to 2013 only.

    Not sure about that. Someone could legally challenge it saying they bought a house based on the legislation.


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    #7
    SherrySherry
    Registered Users Posts: 2 ✭SherrySherry


    Hi, I'm currently in the process of buying a house. There has been a delay due to a planning permission issue and the earliest it will be resolved is Jan 2014. Does this mean I will have to pay property tax in 2015
    And 2016? I know I don't need to pay for 2014 as the cut off date was Nov 1st. On all of the documentation it says the first time buyers exemption applies if you buy before 31st Dec. this seems unfair to those who buy in 2014. Any advice would be greatly appreciated.
    many thanks.


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    #8
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    SherrySherry wrote: »
    Hi, I'm currently in the process of buying a house. There has been a delay due to a planning permission issue and the earliest it will be resolved is Jan 2014. Does this mean I will have to pay property tax in 2015
    And 2016? I know I don't need to pay for 2014 as the cut off date was Nov 1st. On all of the documentation it says the first time buyers exemption applies if you buy before 31st Dec. this seems unfair to those who buy in 2014. Any advice would be greatly appreciated.
    many thanks.

    Yes you will be liable in 2015 and 2016.
    They had to have a cut off point - and Dec 31st seemed a good one I suppose.


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    #9
    SherrySherry
    Registered Users Posts: 2 ✭SherrySherry


    Ogham wrote: »
    Yes you will be liable in 2015 and 2016.
    They had to have a cut off point - and Dec 31st seemed a good one I suppose.

    Thanks for the clarification. This is a shame as we didn't know about the PP issue when we paid the deposit back in August! We were supposed to move in during October :(


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    #10
    newbie2013
    Registered Users Posts: 405 ✭✭newbie2013


    What penalties are there with not paying the tax. I havent paid mine or even the household charge. I was suppose to pay 150euro this year and x amount last year.


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    #11
    GoldieLocks99
    Registered Users Posts: 18 ✭GoldieLocks99


    Bigcheeze wrote: »
    Not sure about that. Someone could legally challenge it saying they bought a house based on the legislation.

    They wouldnt get far.


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    #12
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    newbie2013 wrote: »
    What penalties are there with not paying the tax. I havent paid mine or even the household charge. I was suppose to pay 150euro this year and x amount last year.

    See Here http://www.moneyguideireland.com/property-tax-penalties.html


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    #13
    Glenbhoy
    Registered Users Posts: 1,853 ✭✭✭Glenbhoy


    SherrySherry wrote: »
    Hi, I'm currently in the process of buying a house. There has been a delay due to a planning permission issue and the earliest it will be resolved is Jan 2014. Does this mean I will have to pay property tax in 2015
    And 2016? I know I don't need to pay for 2014 as the cut off date was Nov 1st. On all of the documentation it says the first time buyers exemption applies if you buy before 31st Dec. this seems unfair to those who buy in 2014. Any advice would be greatly appreciated.
    many thanks.

    It will depend on your status and the exact wording of the amended legislation. If you are a FTB then I would assume you will still be exempt, the issue may be who exactly is a FTB - for example couples where one member had never previously owned a property and one had, couples who had purchased previously, sold without exhausting their 7 years FTB relief, persons who had owned properties in other countries etc etc


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    #14
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    Glenbhoy wrote: »
    It will depend on your status and the exact wording of the amended legislation. If you are a FTB then I would assume you will still be exempt, the issue may be who exactly is a FTB - for example couples where one member had never previously owned a property and one had, couples who had purchased previously, sold without exhausting their 7 years FTB relief, persons who had owned properties in other countries etc etc

    Only buyers who purchase in 2013 are exempt. Not all FTB's will not be exempt if they buy in 2014 - but buyers of new homes will be !
    "New and unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2016 are exempt until the end of 2016"
    see http://www.moneyguideireland.com/local-property-tax-exemptions.html


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    #15
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    Awesome! Now, how to cancel that payment..


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    #16
    stevedublin
    Registered Users Posts: 979 ✭✭✭stevedublin


    pwurple wrote: »
    Awesome! Now, how to cancel that payment..

    I think they refund you if you paid when you shouldn't


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    #17
    pwurple
    Closed Accounts Posts: 12,449 ✭✭✭✭pwurple


    stevedublin wrote: »
    I think they refund you if you paid when you shouldn't

    And they don't..... 1 hour on phone trying to persuade the numpty that even though I am NOT a first time buyer, that I am still eligible for this. Even referred them to their own document on it.

    http://www.revenue.ie/en/tax/lpt/properties-purchased-in-2013.html

    But... no, this particular phone-jockey was sure I was not eligible and refused to refund me. I'll have to write instead I'd sya.


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    #18
    horse7
    Registered Users Posts: 3,736 ✭✭✭horse7


    so a FTB buying in 2014 has no exemption for LPT .


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    #19
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    horse7 wrote: »
    so a FTB buying in 2014 has no exemption for LPT .

    As I mentioned earlier
    No specific exemption for FTBs buying after 2013 - but ... "New and unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2016 are exempt until the end of 2016"

    see http://www.moneyguideireland.com/local-property-tax-exemptions.html


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    #20
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    Just to point out , if you buy a house post 1st of November 2013, the owner on the 1st of November is liable for the tax in 2014 (unfair i know). So you the buyer will not have to pay for 2014.


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    #21
    Ogham
    Registered Users Posts: 1,844 ✭✭✭Ogham


    jon1981 wrote: »
    Just to point out , if you buy a house post 1st of November 2013, the owner on the 1st of November is liable for the tax in 2014 (unfair i know). So you the buyer will not have to pay for 2014.

    That's what the first post was pointing out.!
    All buyers of homes during 2013 are exempt for 2013 + 2104 + 2015 + 2016


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    #22
    jon1981
    Registered Users Posts: 4,359 ✭✭✭jon1981


    Ogham wrote: »
    That's what the first post was pointing out.!
    All buyers of homes during 2013 are exempt for 2013 + 2104 + 2015 + 2016

    Maybe my point wasn't clear, what I meant was if you buy the house on the 1st of Jan 2014, the previous owner is still liable for the 2014 tax. Basically whatever happens you still dont have to pay 2014 prop tax.


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