Selling, buying or transferring a property

Overview

When selling, buying or transferring a property there are certain obligations on both the seller and the buyer. Local Property Tax (LPT) clearance must be in place prior to: 

  • closing of the sale
  • or
  • the transfer of the property. 

You, as seller, must file the LPT return and make all LPT payments before completing the sale. If you have claimed an exemption from LPT, your record will show that your property is exempt.

If you are the liable person for a property on the liability date, you are liable to pay the LPT. The liability date for LPT is

-         1 May 2013 for 2013 and

-         1 November in the preceding year, for any other year.

Next: You are selling a property