The 2021 Act provides that where a local authority or approved housing body leases a residential property from the owner of the property for a period of at least 20 years, then it is the owner/lessor of that property and not the local authority or approved housing body, as would otherwise be the case, who is the liable person in relation to that property. A […]
There have been and are a number of exemptions from Local Property Tax, including as follows: that the property has been vacant and vacated by its occupant for at least 12 months due to long term physical or mental infirmity certified by a registered doctor. Vacant for less than 12 months and it is certified by a registered medical doctor that the person is unlikely […]
A liable person in relation to a residential property at the relevant date must pay the local property tax. It is based on the chargeable value on the valuation date. A liable person is deemed to include a person with an ownership interest by way of legal or beneficial ownership or having an exclusive right of residence for life for more than 20 years. Landlords […]
Local Property Tax is an annual tax on the market value of residential property in Ireland. It was introduced in 2013 for a six month in respect of the latter, six-months of the year. It applies from 2014 onwards for a full year. A residential property is any building or structure which is in use or suitable for use as a dwelling. It includes sheds, […]
Finance Act 2021 77 introduces a new Part 22A in the TCA to legislate for a residential zoned land tax. The key objective in introducing this tax is to prompt development by landowners of land zoned for residential development that is serviced. The legislation applies an annual tax, calculated at 3 per cent of the market value of the land, to land within its scope. […]
Section 86 introduces a new Part 18E and a new Schedule 36 in the TCA 1997 to legislate for a Defective Concrete Products Levy. The intention of the levy is to raise revenue to contribute towards the funding of the Defective Concrete Blocks Grant Scheme which was introduced by the Minister for Housing, Local Government and Heritage. The legislation applies a levy on the first […]
Finance Act 2022 introduces a new Part 22B in the TCA 1997 to legislate for a vacant homes tax (VHT). The key objective in introducing this tax is to increase the supply of homes for rent or purchase by encouraging the owners of vacant residential properties to bring those properties back into use. The tax applies to properties which are residential properties for the purposes […]
Rates From its commencement in the middle of the nineteenth century, rates were payable on residential and agricultural and commercial properties. The tax is payable primarily by the occupier. The principles applicable were identical to those in respect of commercial rates. The Local Government (Finance Provisions) Act 1978 removed rates in respect of domestic property. This effectively exempted almost all residential property. Rates could in […]