What happens if you do not comply
Revenue will charge interest of 8% per annum if you:
- do not pay your Local Property Tax (LPT)
- pay your LPT late.
Where LPT including any interest remains unpaid, it becomes a charge on the property.
This means you cannot:
- sell the property
- transfer the property
without paying the outstanding amount of LPT tax and interest.
All payments to Revenue for outstanding LPT must include any interest that may be due. Interest is applied to LPT Arrears at the rate of 8% per annum.
If you opted to defer payment of LPT, you must account for the deferral interest at a rate of 4% for outstanding liabilities up to 31 December 2021 and 3% on outstanding liabilities from 1 January 2022 onwards. You must pay deferral interest before you sell or transfer a property.
If the deferral has been claimed incorrectly, you must account for the full interest due at 8% per annum.
Where LPT (including any interest) remains unpaid, it becomes a charge on the property.
This means you cannot sell or transfer the property unless you pay the outstanding amount of LPT tax and interest.
Next: Enforcement of LPT