1. Local Property Tax (LPT)
Took effect on 1 July 2013.
Applies to residential property holders.
Based on the market value of their property on 1 May 2013.
This valuation will be valid up to and including 2016.
Market value determined on a self assessment basis.

2. Local Property Tax (LPT)
For LPT purposes, residential property means any building or structure (or part of a building) which is used as, or is suitable for use as, a dwelling and includes any shed, outhouse, garage or other building or structure and includes grounds of up to one acre.

3. Local Property Tax (LPT)
Liable person for LPT
Owners of Irish residential property, regardless of whether they live in Ireland or not.
Local authorities or social housing organisations that own and provide social housing.
Lessees who hold long-term leases of residential property (for 20 years or more).
Holders of a life-interest in a residential property.

4. Local Property Tax (LPT)
Liable person for LPT
Persons with a long-term right of residence (for life or for 20 years or more) that entitles them to exclude any other person from the property.
Landlords where the property is rented under a short-term lease (for less than 20 years).
Personal representatives for a deceased owner (e.g. executor/administrator of an estate).

5. Local Property Tax (LPT)
Liable person for LPT
Trustees, where a property is held in a trust.
Where none of the above categories of liable person applies, the person who occupies the property on a rent-free basis and without challenge to that occupation.

6. Local Property Tax (LPT)
Liability date
May 2013
2014 – 1 November 2013
2015 – 1 November 2014

7. Local Property Tax (LPT)
LPT exemptions
New and previously unused properties purchased from a builder/developer between 2013 and 2016
Properties purchased by first time buyers in 2013
Properties affected by pyrite damage
Residential properties used for recreational activities connected with a charity
Residential properties occupied by permanently incapacitated individuals

8. Local Property Tax (LPT)
Calculation of LPT
0.18% applies to values up to €1 million
For properties worth more than €1 million, 0.18% applies to first €1 million and 0.25% to the remainder
Valuation bands are used
When a property falls within a valuation band, the tax is calculated on the mid-point of that band

9. Local Property Tax (LPT)
Calculation of LPT
2013 was a half year so the LPT due is equal to 6/12 of the annual amount
2014 and subsequent years are full years

10. Local Property Tax (LPT)
Payment dates
Payment dates dependent on method of payment
Can pay by monthly direct debit spread across the year
Pay by cash/debit/credit card – due date is 1 January
Pay online – due date 21 March

11. Local Property Tax (LPT)
Return filing dates
2013 – Paper returns due by 7 May 2013
2013 – Online filing by 28 May 2013
Return covers full period and next return due 7 November 2016 unless circumstances change

12. Local Property Tax (LPT)
Deferrals
Four categories of deferral:
Deferral based on income thresholds.
Deferral based on personal representative of a deceased person
Deferral based on personal insolvency
Deferral based on hardship grounds
Interest will be charged at 4% per annum on amounts deferred.
Deferral is not an exemption.

13. Local Property Tax (LPT)
Deferral based on income threshold
If gross income for an individual does not exceed €15,000 (or €25,000 for a couple) 100% deferral is allowed.
These thresholds are increased by 80% of mortgage interest paid

14. Local Property Tax (LPT)
Deferral based on income threshold
If gross income for an individual does not exceed €25,000 (or €35,000 for a couple) 50% deferral is allowed.
These thresholds are increased by 80% of mortgage interest paid

15. Local Property Tax (LPT)
Deferral based on personal representative of a deceased person
Where a liable person who was the sole owner of a property dies, that person’s personal representative may apply for a full deferral of LPT for a maximum period of three years commencing with the date of death.

16. Local Property Tax (LPT)
Deferral based on personal insolvency
A person who enters into a Debt Settlement Arrangement or a Personal Insolvency Arrangement under the Personal Insolvency Act 2012 may apply for a deferral of LPT for the periods for which the insolvency arrangement is in place.

17. Local Property Tax (LPT)
Deferral based on hardship grounds
The objective of this category of deferral is to provide for situations where a liable person, who does not qualify for an income based deferral, was in a position to meet his or her LPT liability until something happened to cause a significant financial loss or cost. It is not restricted to owner-occupiers.

18. Local Property Tax (LPT)
Deferral based on hardship grounds
Where a person suffers an unexpected and unavoidable significant financial loss or expense within the current year, as a result of which he or she is unable to pay the LPT or maintain phased payment arrangements, without causing excessive financial hardship, then he or she can apply for a full or partial deferral.