Selling, buying or transferring a property

What happens when there is more than one sale in a valuation period?

Prior to a sale or transfer of a property, LPT clearance must be provided by the seller to the buyer of the property confirming that:

  • all LPT liabilities have been paid
  • and
  • all returns filed.

The seller must also confirm that the declared valuation for the property (as at 1 May 2013) appeared reasonable.

Where the sale or transfer is not the first in the valuation period (1 May 2013 to 31 October 2020):

  • A copy of the LPT clearance (general) documents for the first sale in the valuation period should be given to the buyer. These documents are sufficient to confirm the declared valuation for all subsequent sales within the valuation period
  • and
  • Confirmation that all LPT and Household Charge liabilities have been paid in full must also be given to the buyer.

The Property History Summary can be used to confirm returns and payments for all periods.

These clearance documents should be retained and provided to future buyers if the property is sold again during the valuation period.

Where the sale or transfer is not the first in the valuation period (1 May 2013 to October 2020):

If the current seller does not hold a copy of the LPT clearance for the previous sale(s), the buyer must be provided with confirmation that:

  • all LPT returns have been filed
  • all outstanding LPT has been paid
  • the valuation declared as at 1 May 2013 appears reasonable. 

Where general clearance conditions were not met for the first sale in the period, specific clearance should have been requested from Revenue.

If the current seller:

  • does not have a copy of specific clearance approval for the first sale
  • and
  • the property does not now qualify for general clearance

the seller should submit an application for specific clearance (Form LPT5) to LPT Branch.

Next: You are buying a property from a local authority