Selling, buying or transferring a property
You are selling a property
What should you do before completion of the sale?
- Submit any outstanding Local Property Tax (LPT) returns.
- Pay any outstanding tax, interest and penalties. This includes any Household Charge (HHC) arrears.
- You may have been entitled to an exemption, or waiver, from the HHC, but did not claim it. If so, you should request the relevant certificate from the Local Government Management Agency (LGMA):
- Consider whether the property valuation(s), as at 01 May 2013, and, or 01 November 2021, as returned by you, was reasonable and honest.
- Self-correct any return where you under-declared the 2013 and, or the 2021 value(s). You must pay any additional taxes and interest due.
- Ensure that you meet the conditions for any exemption you have claimed . You must hold the documentation in support of your exemption.
- If your claim for exemption was made incorrectly, you must:
- amend your LPT Return
- remove the exemption
- pay the outstanding charges to LPT, plus the interest due.
- If a deferral is in place on the property, you must:
- ensure that you meet the conditions for any deferred payments and retain proof of eligibility
- pay the LPT charges and interest due
- The conditions for Revenue clearance are not satisfied where a deferral is still in place at the time of sale. If a sale occurs without payment of deferred liabilities, interest will apply up to the date of payment. If unpaid, this interest remains a charge on the property.
- All sellers must obtain general clearance before completing the sale. Some must also obtain specific clearance.
- You must provide the buyer with the appropriate clearance(s).
- If you sell your property for €350,000* or less, you require general clearance only.
* This threshold was increased from €300,000 with effect from 01 September 2017. The threshold will increase to €400,000 with effect from 13 November 2023.
- You, as seller, must provide details of any clearance you hold for the property. This includes clearance for the first, and any subsequent, sale in the valuation period(s) (since 01 May 2013). If you bought your property after May 2013, you should have received a copy of the clearance. This must be given to you by the seller at the time of purchase of the property. You must provide a copy of this clearance document to the buyer.
You should provide the buyer, or their solicitor, with the following information:
- The property ID.
- The property valuation band(s), or the actual valuation(s), declared on the 2013 and, or 2021 LPT return(s).
- If you have corrected your original return and valuation, then you should provide:
- Details of any claim for exemption, and documentation in support of same.
- A copy of the Payment History Screen. This confirms to the seller the LPT and HHC returns, and payments made by you. You can obtain this by accessing your LPT records online
- The revised valuation and the basis for arriving at that valuation.
You are selling a derelict property - Stamp Duty implications
Certain properties are considered residential for Stamp Duty purposes even if they are not liable for LPT. For example, a derelict house. While a derelict house may not be liable for LPT, it is subject to Stamp Duty at the residential rate.
In such cases, the seller is required to obtain a LPT Property ID prior to the sale of the property. The seller must submit supporting documentation to Revenue to prove that the property is derelict. This may include, for example:
- engineers' reports
- architects' reports
Revenue will review this documentation and issue a Property ID Number. The Property ID must be provided to the purchaser. The purchaser will need the Property ID to file their Stamp Duty Return where the residential rate of Stamp Duty applies.
Next: You are buying a property