The Department of Finance will spearhead a review of Local Property Tax (LPT) this month which will look at the impact of property price developments and examine the outstanding recommendations of the 2015 Thornhill review, according to the department’s statement on the review. A public consultation process on the future of the LPT is also expected.

The Minister for Finance made the following comment on the review:

“Even though it would be 2020 before LPT liabilities would be affected by any property revaluations, it is important that the Government is able to make its position clear in relation to LPT in a timely way so that households will be aware of its plans for the tax in advance of the November 2019 revaluation date and the associated 2020 and beyond LPT liabilities.”