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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. How to obtain General Clearance
  7. What happens when there is more than one sale in a valuation period?
  8. You are buying a property from a local authority

Overview

When selling, buying or transferring a property there are certain duties on both the seller and the buyer. It is important that Local Property Tax (LPT) clearance is in place prior to the closing of the sale or transfer of the property. The LPT return and all LPT payments must be made before completion of the sale. If you claimed an exemption from LPT, your record will show that your property is exempt.

If you are a liable owner of a property on the liability date you are liable to pay the LPT. The liability date for LPT for 2013 is 1 May 2013 and for any other year it is 1 November in the preceding year.

  • Example

    If you are the liable person for the residential property on 1 November 2016, you have to pay LPT for 2017. If you sell your residential property between 1 November 2016 and 31 October 2017, you are liable to pay LPT on the property for 2017.

Next: You are selling a property

Published: 01 September 2017 Print this page

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