Tax Policy & Research

18 February 2013

Tax Policy News: Local Property Tax – Sample Return and Updated Guidelines

Dear Member

Further to the publication last week of the Finance (Local Property Tax) (Amendment) Bill 2013, Revenue have now published a Sample Form LPT1 – Return for Local Property Tax and a set of Guidelines for the LPT.  We would bring members’ attention to the following matters in particular:

Form LPT1

  • Two-page Form – contains a unique Property ID and a PIN number to facilitate filing online at
  • Variety of payment options provided on the Form
  • Facility for persons filing on behalf of the taxpayer to identify themselves as such
  • Facility for claiming exemption from LPT – even if the property is exempt there is still a requirement to complete and submit a return
  • Deferral option – may be of particular relevance to owner-occupiers with an outstanding mortgage
  • Note: This sample Form is for information purposes only and should not be completed.

LPT Guide

  • Contains a step-by-step guide to completing the Form LPT1
  • Provides some guidelines on how residential properties should be valued.  Further guidance to be made available at from March 2013.  This will include an online guide that will provide indicative property values.
  • Confirms that the payment method selected for 2013 will automatically apply for subsequent years unless an alternative method is selected.
  • States that the amount shown on Revenue’s Notice of Estimate (to be issued in March) should only be returned and paid if it accurately reflects the taxpayer’s self-assessment.
  • States that where you do not file a return or contact Revenue to say why you are not liable, Revenue will pursue the amount on the Notice of Estimate using a range of collection options.

The Institute will be issuing further bulletins to members on important aspects of the Local Property Tax in the coming weeks.

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