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LPT Question - FTB of new buy

radooo · 2019-09-26 20:46:33

I have been exempt from LPT (FTB of a new property bought in 2015). 1. I understand 2019 was the last year for the exempt and I am now due to pay my LPT by November 2019 for the entire 2020. Is this correct? 2. Additionally, what is the best way to approach the property value? Is it based on purchase price when purchased…

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26-09-2019 9:46pm

#1
radooo

Registered Users Posts: 114 ✭✭

Join Date: February 2007

Posts: 80
I have been exempt from LPT (FTB of a new property bought in 2015).

1. I understand 2019 was the last year for the exempt and I am now due to pay my LPT by November 2019 for the entire 2020. Is this correct?

2. Additionally, what is the best way to approach the property value? Is it based on purchase price when purchased in 2015, or is it based on the current value? If current value, how do you go about determining it?

3. Finally, do I have to submit something online or what is the procedure for the payment of this tax?

Many thanks.

Tagged:

lpt

lpt ftb

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#2 27-09-2019 9:01am
giveth

Registered Users Posts: 250 ✭✭

Join Date: February 2004

Posts: 220

I believe the exemption has been extended for another couple of years:
https://www.irishexaminer.com/breakingnews/ireland/up-to-80000-homes-exempt-from-property-tax-until-2021-915832.html

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#3 29-09-2019 5:03pm
radooo

Registered Users Posts: 114 ✭✭

Join Date: February 2007

Posts: 80

Thanks, that's good news as I wasn't aware of this extension.

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