The Department of Finance has confirmed that the valuation date for LPT would be deferred from 01 November 2019 until 01 November 2020. The last valuation date for properties was 01 May 2013. There will therefore be no increase in LPT bills until 2021.
According to the Department, due to there being “geographically uneven increases in residential property price levels”, further consultation is required to ensure stability for all taxpayers and also that increases should be modest and affordable. The Department also wishes to make sure that the LPT system remains as simple as possible.
Please contact our Dundalk Tax Manager Jane Jackson or a member of our Tax Team for more information.
+353 42 933 9955