Tax Tips

The Importance Of Paying Your Local Property Tax

Irish tax rebate property tax

We are all well aware of and no doubt lament the introduction of the Local Property Tax (LPT) but now that it’s here, well, we’re just going to have to deal with it! It’s all not all bad though as you may be eligible for tax rebates.

Payment of your LPT was due by the 1st January 2014 and at this stage you should have registered your property on Revenue’s on-line system and put your payment plan in place.

As with all of these things there is a deadline that you cannot let slide without incurring the wrath of the Revenue Commissioner. The deadline date for payment by Single Debit Authority (i.e paying it all in one go) is the 21st of March 2014. Revenue provides a number of payment options such as:

  • Payments spread throughout 2014 (normally should have started in January)
  • By monthly direct debit from your bank account
  • By deduction from your salary, pension or other Government payment
  • You can also make regular payments throughout 2014 by cash/debit card through An Post; by cash/debit card through Payzone outlets or by cash through Omnivend. (Note these transactions will incur handling charges by the service providers).

Not paying your LPT is not an option (without a deferral or exemption) and Revenue are making it clear that they will pursue anybody and apply penalties to those that do not.
More Importantly, if you do not register your property(s) on-line to pay your LPT by the 21st March 2014, you  will not be able to avail of any potential tax rebates or unclaimed credits due to you in the last four years! Revenue will block any claims for potential tax rebates until you become compliant with the new tax law and register and pay your LPT!

So, the best advice we at Irish Tax Rebates can give you is to register your property(s) with Revenue and make arrangements to pay your LPT before the deadline passes! Once you have registered, why not Apply for Tax Rebate Online and see what tax rebates you are entitled to.

Of course, you should visit Revenue.ie to make sure that you are not eligible either to defer payment or in some circumstances exempt from paying the LPT. The qualifying criteria for a deferral or exemption are clearly set out on the Revenue.ie. A quick and easy way to calculate your property tax rate is by using the Property Tax Calculator on Daft.ie