Selling, buying or transferring a property

You are buying a property

The valuation declared by the owner or seller of the property on 1 May 2013 will apply up to 31 October 2020. The valuation must be reasonably and honestly made.

What should you or your solicitor do before completion of the sale?

Before the completion of the sale you or your solicitor should:

  • obtain any relevant information and any supporting documentation from the seller (property ID, valuation band or valuation, basis for their valuation and details of any exemption claimed)
  • check whether there is any outstanding tax, interest or penalties in relation to that property. You can check your outstanding LPT online.
  • ensure that Household Charge is fully paid
  • consider whether the valuation declared by the seller is reasonably and honestly made. The buyer or their solicitor should address any concerns prior to the closing of the sale.
  • All sellers must obtain general clearance and some must also obtain specific clearance from Revenue before completing the sale. This must be provided to the buyer.
  • If this is not the first sale since 2013, the seller must provide details of any clearance held for the earlier sale.
  • You, as the buyer, must ensure that the seller provides you with copies of the appropriate clearance(s).

After completion of the sale

When the sale has been completed you should confirm when you are liable to pay Local Property Tax (LPT) on the property.

If you consider that the valuation declared by the seller or previous owner in relation to 1 May 2013 is not reasonable and should be higher or lower, you should provide the following details to the LPT branch:

  • the name and Personal Public Service Number (PPSN) of the buyer and new liable owner
  • the property ID
  • the property address
  • your own assessment of the market value of the property as at 1 May 2013. You must select the valuation band or the actual value if the property was valued at more than €1 million
  • you must provide documentation in support of your valuation.

Next: You are transferring a property