TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Local Property Tax Amendment Act

The Finance (Local Property Tax) (Amendment) (No. 2) Act 2015 was published last month. The Act provides for the postponement of the revaluation date for the Local Property Tax (LPT) from 2016 to 2019 and also extends the exemption for new homes to 2019.

The Act also gives effect to recommendations in the Review Report conducted by Dr. Don Thornhill in relation to the pyrite exemption from LPT and reliefs from LPT in respect of properties occupied by persons with disabilities. Other recommendations in the Review Report will be considered according to the Department of Finance.

The Act is published on the Oireachtas website. The Review Report can be accessed from the Department of Finance website.