NPPR Charge

(Non-Principal Private Residence Charges)

The local Government (Charges) Act 2009 introduced a €200 annual charge on non-principal private residences. This would apply to holiday home owners, Investment property owners, 2nd home owners.

There is also a late payment fee of €20 per month per property. This also applies to unpaid charges. Unpaid charges and late payment fees will remain due on the property until they are discharged.

Full details of the charge, liability, payment methods etc. can be viewed on the NPPR web site at www.nppr.ie or on the Kerry County Council web site at www.kerrycoco.ie and clicking on the appropriate link.

The Household Charge:

The Household Charge is an annual charge introduced by the Local Government (Household Charge) Act 2011 which is payable by owners of residential property. The household charge is an interim measure pending the introduction of a full property tax. (This is a totally separate charge from the NPPR charge)

The Household Charge is €100 per residential property situated in the State. The household charge is payable by the owner of the building in respect of each unit of residential accommodation.

An online system - www.householdcharge.ie - is in place to enable home owners to pay the household charge by credit card/debit card. In addition, home owners can make the payment by cheque, postal order, etc.

Owners of residential property on the liability date of 1st January 2012, subject to a limited number of exemptions and waivers (see web site), are liable to pay the household charge by 31st March 2012

There will be a late payment fee set on an escalating scale. (see web site for details)

Septic tank registration charge:

€5 registration fee due on all septic tanks to be paid by 30th of June 2012. The registration process for septic tanks will start at the beginning of April 2012, when you will be able to register with your local authority (County Council) by online registration or by written application. Details of how and where to register will be publicised nearer the date.
Information on the charge is on the attached link www.environ.ie/en/Environment/Water/WaterQuality/NitratesDirective/News/MainBody,29358,en.htm

Stamp Duty:

When purchasing property, the purchaser will be liable to pay stamp duty tax. There are different rates applicable to residential (houses, apartments) and non-residential (commercial and land). There have been numerous changes to the stamp duty rates in the least few year. See attached link www.revenue.ie/en/tax/stamp-duty/index.html . Information on all forms of taxation is available on the Irish Revenue web site at www.revenue.ie .

Capital Gains Tax:

When you sell a property you maybe liable to pay Capital Gains Tax (CGT) if you have made a profit on the sale. The current rate of CGT is 30%. There are a number of exemptions (eg principal residences) and reliefs (eg renovation work). See attached link for further information www.revenue.ie/en/tax/cgt/index.html

Capital Acquisition Tax:

If you inherit or receive a gift of property you maybe liable to Capital Acquisition Tax (CAT). The current rate of CAT is 30%. There are a number of exemptions and reliefs. See attached link for information www.revenue.ie/en/tax/cgt/index.html .

If you require further information on taxation please contact John Daly and he will assist you. If he cannot answer your query he will refer you onto an accountant that maybe able to assist you.

www.revenue.ie:
This web site contains information on all Irish Tax law and a comprehensive section on stamp duty