LPT Archives - MyHome.ie Advice & Blog

Increase in Local Property Tax likely from 2020

Homeowners are likely to see the amount they pay towards the Local Property Tax rise in 2020 but Finance Minister Paschal Donohoe says they will be “affordable”. He said any alteration to the tax levied on people will be “moderate and well understood”. This represents…

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68,000 had property tax taken from their wages or pensions in last two years

Blog, Home, Mortgages & Money

Almost 68,000 people had mandatory local property tax (LPT) deductions from their wages or pensions over the past two years, according to new compliance figures from Revenue. The overall compliance rate for the payment over 2013 and 2014 stands at 95%, and raised a total…

Mortgages & Money

200,000 people yet to pay their Property Tax for 2015

Blog, Mortgages & Money, Property News

As many as 200,000 people have yet to pay their Local Property Tax (LPT) for 2015, according to the Revenue Commissioners. Those who have yet to pay have been warned, however, that it is “in their interests” to contact Revenue before officials finish processing payments already…

Fianna Fáil call for government to support 15% cut in property tax

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Fianna Fáil Environment Spokesperson Barry Cowen TD has called on the Government to support his party's campaign to introduce a 15% cut in property tax for homeowners around the country by pledging not to penalise those local authorities which introduce the relief. This would be…

Revenue to deduct property tax and household charge from defaulters' wages from this month

General, Home, Mortgages & Money, Property News

Local property tax (LPT) and household charge defaulters can expect lighter wage packets from this month following the implementation of deductions at source by employers. More than 40,000 employers and occupational pension providers have already been instructed to begin withholding the sums owed to the…

56 homes valued at over €5m for property tax

General, Home, Mortgages & Money, Property News

Fifty-six people valued their homes above €5 million for the purposes of the property tax last year, making them liable for an annual tax bill of at least €11,800 each. New figures provided to the Dáil Public Accounts Committee outline the most expensive homes in…

Revenue Commissioners to "go after" those who failed to pay household charge from April

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The Revenue Commissioners has warned that it will "go after" the 400,000 to 500,000 people who have not yet paid the €200 household charge from the beginning of April. A €100 charge was introduced as an interim measure ahead of the Local Property Tax (LPT)…

Deadline approaches for property tax payments

General, Home, Mortgages & Money, Property News

Homeowners who haven’t paid their Local Property Tax (LPT) or Household Charge have six weeks to pay up and avoid penalties and interest, Revenue has said. Just over 100,000 property owners who were eligible for the half-year tax in 2013 have not paid, and 350,000…

Fianna Fáil call on property tax payment arrangements to be changed

General, Home, Mortgages & Money, Property News

Fianna Fáil Spokesperson on Finance Michael McGrath has said it is not acceptable that the Revenue is collecting payment in 2013 for the 2014 Local Property Tax (LPT) liability and has called on the payment arrangements to be changed. Deputy McGrath said, “The letters sent…

Rent rises down to a "taxsault" on landlords, say IPOA

General, Home, Mortgages & Money, Property News, The Investor, The Overseas Investor, The Renter

Rental rates in some parts of the country are increasing, but this is down to the new direct and indirect taxes levied on landlords, which the Irish Property Owners Association (IPOA) has dubbed a "taxsault" on property. "Private landlords cannot be expected to subsidise the…