Ireland: Proposed changes to local property tax

The topics provide an overview of the measures that are anticipated.

The topics provide an overview of the measures that are anticipated.

Proposed changes to the “local property tax” were announced in June 2021. Legislative text of the bill has not yet been released, but the topics provide an overview of the measures that are anticipated.

The proposed changes to the local property tax are expected to include measures that would:

  • Make certain exempt properties subject to the local property tax
  • Specify 1 November 2021 as the next valuation date for local property tax purposes
  • Introduce significant changes with respect to exemptions available under the local property tax regime
  • Increase the income thresholds for deferral of the local property tax (including marginal relief)
  • Introduce new rules with respect to certain property transactions with local authorities and social housing bodies
  • Amend the definition of “residential property” for local property tax purposes
  • Introduce some notable changes regarding the compliance obligations on liable persons with respect to local property tax

Read a June 2021 report prepared by the KPMG member firm in Ireland

 

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