1. COMPANY PROFILE
Follow us on LinkedIn @ Armstrong Associates Accountants
LinkedIn Group: Contractors & Freelancers Ireland

2. Local Property Tax
SPEAKER PROFILE
NEIL ARMSTRONG
PRINCIPAL OF
ARMSTRONG ASSOCIATES
(Twitter @armstrongACCA)
Neil Armstrong FCCA, AITI, is a fellow of the Association of Chartered
Certified Accountants and an associate of the Institute of Taxation in Ireland.
He is Principal of Armstrong Associates Auditors and Accountants based in
Bray.

3. WHEN?
Budget 2013 (Dec 12)
1st July 2013 – ½ year

4. DEFINITION
Residential Property
House and up to 1 acre
Owners
Landlords
Local Authority
Joint Owners

5. RATES
Rates
 Property Value up to €1m = 0.18%
 Property Value above €1m = 0.25%
 Split
 Banding
 But local authority may vary basic rate
 From 1st Jan 2014
 Adjustment not to exceed 15% (0.21%)

6. VALUATION
Market Value
Valuation date 1st May 2013
Valid to 31st Dec 2016
Improvements-Ignored
Market Value?
 Property Price Register.ie

7. EXEMPTIONS
Subject to Commercial Rates
New, unoccupied and unsold
Ghost Estates
New purchased from builder between 1/1/13-
31/10/16 - 2016
S/H purchased by first time buyer 1/1/13 – 31/12/13
- 2016

8. OPERATION
Self Assessment
Revenue
March 2013 – First Contact
LPT Return and Information
LPT due 7th May 2013/Online 28th May
Valid to 2016

9. PAYMENT
Due Date 21st July 2013
Future years to be confirmed
ROS
DD
Salary Deduction
Deduction from SW

10. HOUSEHOLD & NPPR
Household Charge – abolished 1/1/13
NPPR abolished 1/1/14
Eg
 2nd Home Value €215k
2013 2014
LPT(225k) 202 405
NPPR 200 NIL

11. COMPLIANCE
Revenue Enforcement
 Sheriff, Court, Attachment
Interest & Penalties
Charge on Property – Can’t Sell

12. SELF EMPLOYED
Tax Clarance Cert
Income Tax Return Surcharge

13. EMPLOYER
Employee Request
Revenue Direction
Payroll System
Remit to Revenue/P35
Statement to Employee

14. KEY DATES
Mar 2013 – Revenue Contact, Info/LPT Est., LPT
Return
1st May 2013 – Valuation Date/Ownership
7th May 2013 – LPT filing date – paper
28th May 2013 – LPT filing date- ROS
1st July 2013 – Start phased payment
21st July 2013- Online payment

15. QUESTIONS
?

16. THANK YOU
You can find more about Local Property Tax (LPT)
Update on our blog at armstrongassociaties.ie/blog
For expert advice on tax related matters, you can
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