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Selling, buying or transferring a property

  1. Overview
  2. You are selling a property
  3. You are buying a property
  4. You are transferring a property
  5. What is Revenue clearance?
  6. What happens when there is more than one sale in a valuation period?
  7. You are buying a property from a local authority
  8. Purchase, sale or transfer of more than one residential 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.

As the seller, you must make sure that all LPT obligations have been met before completing the sale. This means that all LPT payments must be up to date and you must have submitted your LPT Return to Revenue. You can check your LPT record on the LPT Online Portal.

If you are the liable person for a property on the liability date, 01 November, you are liable to pay the LPT for the following year.

  • Example

    Pat is the liable person for a residential property on 01 November 2023. He sells his property in December 2023. Even though he does not own the property in 2024, he remains the liable person for LPT and must pay the full liability for 2024. The buyer becomes the liable person for LPT on 01 November 2024 and must pay LPT for 2025 onwards.

Next: You are selling a property

Published: 12 January 2024 Print this page

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