Selling, buying or transferring a property

You are buying a property from a local authority

Under LPT legislation, local authorities pay LPT on their residential properties based on Valuation Band 1. Valuation Band 1 applies to residential properties with a value of:

• €100,000 or less on the valuation date 01 May 2013, which applies for the valuation period 01 July 2013 to 31 October 2021
• and
• €200,000 or less on the valuation date 01 November 2021, which applies for the valuation period 01 January 2022 to 31 December 2025.

If you buy a property from a local authority you do not require general or specific clearance from Revenue.

LPT valuation and payment

For the valuation period 01 July 2013 to 31 October 2021, you should continue to pay LPT based on Valuation Band 1.

However, for the valuation period 01 January 2022 to 31 December 2025, you must pay LPT based on the market value of the property as on 01 November 2021. This means that Valuation Band 1 may no longer apply after you buy the property.

If Valuation Band 1 no longer applies to the property that you have bought from a local authority, you should contact LPT Branch. You will need to provide:

• your name
• your address
• your Personal Public Service Number (PPSN)
• the address and Eircode of your property
• and
• the valuation band that applied to your property as at 01 November 2021.

Please see How to value your property for more information on how to value your property as at 01 November 2021.

No additional LPT is due to be paid by the Local Authority even if the sale price is greater than €100,000.

Next: Purchase, sale or transfer of more than one residential property