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Is LPT still not deductable?

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  • 10-09-2015 10:35pm
    #1
    sublime1
    Registered Users Posts: 110 ✭✭


    Doing my annual returns for my rental property. Last year, we were told that the Local Property Tax would be deductable "soon". However, I see that the Revenue haven't updated their FAQ from last year.
    http://www.revenue.ie/en/tax/lpt/faqs/general.html#section9

    Can anyone confirm or deny if LPT is deductible this year?


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    #2
    sublime1
    Registered Users Posts: 110 ✭✭sublime1


    Super, thanks for confirmation. Maybe next year! :)


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    #3
    loyatemu
    Registered Users Posts: 14,962 ✭✭✭✭loyatemu


    I heard some talk it may be included in the budget to try and improve the rental market. Seems a bit weird to me, making a tax tax-deductable. Tenants don't have to pay it, so if landlords can write it off who exactly is paying for the local services for those properties?


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    #4
    draiochtanois
    Registered Users Posts: 2,655 ✭✭✭draiochtanois


    This post has been deleted.


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    #5
    ted1
    Registered Users Posts: 23,536 ✭✭✭✭ted1


    it's also a tax on services which is most developed countries is paid by residents not landlords


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    #6
    filbert the fox
    Registered Users Posts: 809 ✭✭✭filbert the fox


    sublime1 wrote: »
    Doing my annual returns for my rental property. Last year, we were told that the Local Property Tax would be deductable "soon". However, I see that the Revenue haven't updated their FAQ from last year.
    http://www.revenue.ie/en/tax/lpt/faqs/general.html#section9

    Can anyone confirm or deny if LPT is deductible this year?

    I read the contents of that link. If it is deductable in Principle then what can Revenue claim in any dispute which may go to court? They wouldn't have a leg to stand on in front of a prudent judge.


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