LPT (Local Property Taxation)

Local Property Tax (LPT) first came into being in May 2013. LPT is a tax payable on the market value of the residential properties in the State.

Now the liability date for Local Property Tax (LPT) is 1 November each year. This means that your property is liable for LPT for 2023 if it is a residential property on 1 November 2022.

You need to pay the LPT charge for 2023 if you are the liable person for LPT on 1 November 2022. You are still the liable person if you sell or transfer your property between 1 November 2022 and 31 October 2023.

To check if you and your property are liable for LPT, please see Liability for Local Property Tax (LPT)

Your LPT charge is based on your valuation of your property as at 1 November 2021. Your valuation of your property on this date determines your LPT charge for each year to 2025.

This applies to newly built or renovated properties uninhabitable on 1 November 2021, but suitable for use as a dwelling on 1 November 2022.

When selling a property a vendor will need to provide a proof of payment of all LPT liabilities during the relevant years they own the property. For further information on getting proof of payment of your LPT follow the attached link.


NPPR (Non Principal Private Residence)

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 was also a late payment fee of €20 per month per property. This also applied to unpaid charges.

The NPPR Charge and late payment fee relating to 2009 and the associated charge on a property expired after 31 July 2021. The NPPR charge and late payment fee relating up to 2011 and the associated charges on a property expired after 31 March 2023. Each charge which became a charge on property is applied for its own 12 year period, measurable from the liability date.

The amount of NPPR fees and penalties a vendor is required to pay in order to sell a property which was an NPPR, reduces every year until the liability and charge on the property expires completely on 31st of March 2026.

Therefore as 1st of April 2023 the full liable amount for NPPR including fees and penalties is €1,860. This will reduce further from 1st of April 2024 is €1,110, 1st of April 2025 to €750.

NPPR liabilities can be paid online at www.nppr.ie or the liable property can be registered online and post payment to NPPR P.O Box 11654, Dublin 8.

Once a receipt of payment is received then forward the receipt to nppr@kerrycoco.ie and request a certificate of discharge.

In the event that you own a liable property during the taxable period, but, feel that it should be exempt from the tax (there is a list of possible exemptions listed on the web site www.nppr.ie ). e.g. The house was derelict and unfit for human habitation. Then you should take photos (date the photos) of the property and write letter to the local County Council looking for a letter of NPPR exemption for the property and stating the reason why you feel the property should be exempt. It would be recommended to seek this letter of NPPR exemption now even if you are not thinking of selling the property at this time.

For full details of the charge, liability, payment methods etc. go to the Kerry County Council web site at https://www.kerrycoco.ie/finance/non-principal-private-residence-charges-nppr or contact Kerry County Council revenue department 00 353 (0)66 7162100.

If our office can be of any assistance contact John Daly 00 353 (0)64 6641213 or info@seandaly.com

• This information is accurate as at 21/02/2023

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.

Owners of residential property on the liability date of 1st January 2012, subject to a limited number of exemptions and waivers (see web site www.householdcharge.ie ), were liable to pay the household charge by 31st March 2012. From 1 July 2013, any outstanding Household Charge liability (including late penalties) was increased to €200 and is payable to Revenue. (See web site for details www.householdcharge.ie )

Septic tank registration charge:

All septic tanks were to be registered by the 1st of February 2013. The registration fee was €50. You will be able to register your septic tank with your local authority (County Council) by online registration or by written application. Information on the charge is on the attached link www.protectourwater.ie.

Stamp Duty:

When purchasing property, the purchaser will be liable to pay stamp duty tax. Residential (houses, apartments) stamp duty 1% up to €1,000,000, 2% for any part of the purchase price in excess of €1,000,000. Non-residential (commercial and land) stamp duty 7.5%. There have been numerous changes to the stamp duty rates in recent years. See attached link for further information https://www.revenue.ie/en/property/stamp-duty/property/rates.aspx

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 33%. There are a number of exemptions (eg principal residences) and reliefs (eg renovation work). See attached link for further information https://www.revenue.ie/en/gains-gifts-and-inheritance/transfering-an-asset/index.aspx

Capital Acquisition Tax

If you inherit or receive a gift of property you may be liable to Capital Acquisition Tax (CAT). The current rate of CAT is 33%. There are a number of exemptions and reliefs. See attached link for information https://www.revenue.ie/en/gains-gifts-and-inheritance/index.aspx

If you require further information on taxation please contact John Daly john@seandaly.com, and he will assist you.

If John cannot answer your query he will refer you onto an accountant that maybe able to assist you.