If you are the owner of a residential property in Ireland on 1 November 2021 then you will have Local Property Tax (LPT) obligations from 2022 onwards. You are liable for LPT even if you do not usually live in the property.
To meet your LPT obligations for 2022, you need to do three things:
- The market value of the property must be determined at the 1 November 2021.
- Form LPT1 return must be submitted by the 7 November 2021.
- The owner must pay or make arrangements to pay the LPT charge for 2022.
The liable owner for the property will need to have the Property ID and Property PIN number along with their PPS number to file an LPT return either online or by paper. This information would have been supplied previously for any property that was liable in 2013 which was the last valuation date for LPT. Any new property owners that become liable for an LPT charge for 2022 should have received correspondence from Revenue in recent weeks with these details enclosed.
Online returns can be filed at the following online portal:
https://lpt.revenue.ie/lpt-web/views/login.html?execution=e1s1
LPT is a self-assessed tax. This means that you need to self-assess the value of your property at 1 November 2021. The valuation of your property on this date will determine the amount of LPT you pay for 2022 and for the three years from 2023 to 2025. Your property may not have been liable for LPT for the previous valuation period from 2013 to 2021, for example, if your house was built after 2013. However, your property becomes liable for LPT for the next valuation period from 2022 to 2025, as long as it is a residential property on 1 November 2021.
There are a number of changes since the last LPT filing date. A number of the exemptions that were allowed in 2013 have been discontinued and the main one of these is an exemption from LPT if your property was in an unfinished housing estate. This means if your property is a residential dwelling and is suitable for use as a dwelling it will become liable for LPT.
Revenue’s property valuation guidelines can be access at the following location:
https://www.revenue.ie/en/property/local-property-tax/valuing-your-property/index.aspx
