2014 LPT will apply on a full year basis.
Residential property means any building or structure which is in use or is suitable for use as a dwelling and includes any shed, outhouse, garage or other building or structure in any yard, garden, usually adjoined with that building.
A person is liable to LPT as follows:
(a) owners of a residential property,
(b) landlords for the properties rented for less than 20 years and leasees who have an interest of 20 years or more,
(c) where 2 or more persons have an interest or right in to a residential property, these persons will be jointly and separately liable for the LPT,
(d) trustees of trusts that holds properties or has power to appoint property to persons,
(e) personal representative of an estate of a person who was previously a liable person,
(f) persons who have a life interest in a residential property,
Please also note that the NPPR charge for non-private principal residence will be applicable for the calendar year 2013 and is payable 30th June 2013 and is €200 per property. This charge will cease from 1st January 2014.
The amount of LPT payable:
Property value of ? to €1m is – 0.18%
Property value > than €1m is – 0.25%
Payment options in respect of LPT liability are: