The final deadline payment for the Local Property Tax is approaching however, for a lucky few, deferrals in payments is an option.
As of the start of January 2022, a person could begin to pay the local property tax at source or regular cash payments through a payment service provider.
The deadline for those who chose to pay their Local Property Tax in full is January 15.
People who decided to pay the LPT by direct debit will start on January 15 and continue on the 15th of every month, while those who chose to pay via an ADI will pay on March 21.
From January 2022, a number of exemptions that had applied for previous years no longer apply in 2022.
These are:
- New or unused property purchased from a builder or developer.
- Builders or developers with properties built but unsold.
- Properties in unfinished housing estates.
- Property purchased as a home in 2013.
There are still certain deferrals available to the current deadlines for Local Property Tax payments.
There are four categories where a person can get a deferral, according to moneyguideireland.com.
Full Deferral
"Your Gross income for the year is unlikely to exceed €18,000 (single) and €30,000 (couple)."
Full Deferral Condition Type 2
"For owner-occupiers who have an outstanding mortgage, an adjusted gross income limit applies. The thresholds (€18,000 single, €30,000 couple) may be increased by 80% of the gross mortgage interest payments that a liable person expects to make by the end of the year for which gross income is being estimated."
Partial Deferral 50% Condition Number 3
"Your Gross income for the year is unlikely to exceed €30,000 (single) and €42,000 (couple)."
Partial Deferral 50% Condition Number 4
"For owner-occupiers who have an outstanding mortgage, an adjusted gross income limit applies. The thresholds of (€30,000 single, €42,000 couple) may be increased by 80% of the gross mortgage interest payments that a liable person expects to make by the end of the year for which gross income is being estimated."
