Archive for the ‘Property Tax’ Category
Local Property Tax Return Deadlines Looming
Deadlines just around the corner: 07 May for Paper Returns and 28 May for Online Returns. Revenue has confirmed that in the last month it has issued letters in respect of 1.6 million properties to homeowners in Ireland, so by now you should have...
Read the full articleNew Guide to LPT
Things haven’t exactly been running smoothly with the new Local Property Tax (LPT), with many people still confused over what they should be paying and when; how much their house is worth exactly, and what tax band they are in. Luckily, The Irish Tax Institute...
Read the full articleEmigrants face income hit for not declaring local property tax
Revenue has announced that it will withhold rental payments Irish emigrants receive for their former homes if they fail to pay the local property tax. Many Irish people have emigrated and now rent out their houses in Ireland to make extra cash to pay off...
Read the full articleLocal Property Tax: A Discussion about Deferrals
The system in place for deferrals of the LPT has been documented and reported on by a number of outlets and commentators. It allows for a full or partial deferral of the charge, subject to interest at 4% per annum. That a deferral system is...
Read the full articleChanges for Irish Landlords – PRTB compliance needed to claim interest deduction
As many Irish landlords will already know, if you’ve taken out a loan to buy or renovate a rental property, the interest on the loan can be deducted from the rental income. What many do not know however, is that if it’s a residential property,...
Read the full articleNew Taxes in Ireland
The Commission on Taxation report being finalised this week is expected to propose new property tax, water charges and carbon tax in Ireland. The report will also include recommendations to avoid more increases in Irish income tax and to cut stamp duty on house purchases. The proposed...
Read the full articleNew Irish Property Tax
About 200,000 properties in Ireland will be subject to the new €200 Irish tax on second homes. The new property tax applies to all second homes – including mobile homes, holiday homes and rental properties. This tax will be collected by the local authority in...
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