Parliamentary Question for the Minister for Finance (Michael Noonan TD)
For WRITTEN ANSWER on 19/02/2014
To ask the Minister for Finance regarding local property tax, at what stage of construction does a residential property become liable for local property tax ; if a property that has all external walls built, roof completed, windows installed but internal fit out has not been completed is liable for LPT; and if he will make a statement on the matter.
For Local Property Tax (LPT) purposes a residential property is defined in the legislation as any building or structure or part of a building which is used as, or is suitable for use as, a dwelling.
I am advised by the Revenue Commissioners that as LPT is a self-assessed tax it is a matter for the property owner to determine if the property is suitable for use as a dwelling. If the property owner determines that the property is not suitable for use as a dwelling he or she may advise Revenue that the property is not a liable property for LPT purposes. Revenue may seek evidence from the property owner to support this claim.