Irish Taxi Forum

Public Area => Taxi Talk => Topic started by: Rat Catcher on March 21, 2019, 11:09:15 am

Title: LPT Day
Post by: Rat Catcher on March 21, 2019, 11:09:15 am
Few hundred notes going out of yisser bank accounts today if you opted for SDA/DD payment option.
Title: Re: LPT Day
Post by: The Liffey Lip on March 21, 2019, 11:10:24 am
No increase Dizzee says for another cupla bliana.
Title: Re: LPT Day
Post by: Rat Catcher on March 21, 2019, 11:13:54 am
The value of most residential property has increased substantially since it's introduction. As it's self-assessment I guess property owners are supposed to select the band relevant to each property's value when returns are made?
Title: Re: LPT Day
Post by: dalymount on March 21, 2019, 11:42:34 am
I could never understand why the water protesters did not turn their attention to the abolition of LPT instead .at least with water you got something for tour money,but the greedy government just take LPT from you,and you get nothing for it
Title: Re: LPT Day
Post by: Rat Catcher on March 21, 2019, 11:57:06 am
In some cases after luring folk in to home ownership with Mortgage Interest Relief that was subsequently curtailed.
Title: Re: LPT Day
Post by: stonethecrows on March 21, 2019, 12:07:08 pm
The value of most residential property has increased substantially since it's introduction. As it's self-assessment I guess property owners are supposed to select the band relevant to each property's value when returns are made?
I pay mine by DD and it has not changed since it started, I was/am not aware of any instruction to have this changed from the revenue
Title: Re: LPT Day
Post by: Rat Catcher on March 21, 2019, 02:50:09 pm
Ignorance is no defence.
Title: Re: LPT Day
Post by: stonethecrows on March 21, 2019, 02:57:24 pm
Ignorance is no defence.
"The tax is based on the chargeable value of a residential property on the valuation date. The chargeable value is defined as the market value that the property could reasonably be expected to fetch in sale on the open market on the valuation date. The valuation date is 1 May 2013. This valuation applies until 1 November 2019. This means that the valuation of your property for LPT purposes on 1 May 2013 will stay the same until 2019 (even if you make improvements to your property). "

I suppose this means we will all have to have our gaffs valued on 2nd November 2019 and let the revenue man know !
Title: Re: LPT Day
Post by: Rat Catcher on March 21, 2019, 02:58:10 pm
Yes. The next valuation date is 1st November 2019. You will need to file a return indicating the value (on that date) of each property you own.

Hence while there will be no increase there will be an increase if you know what I mean.
Title: Re: LPT Day
Post by: john m on March 21, 2019, 02:58:25 pm
Not due a revaluation until AFTER the local elections .Young Murphy said there will be no increase is LPT but he means in the rate the upward valuation will mean you pay more unless your Gaff exceeds the upper limit if it does you will see absolutely no increase in LPT .
Title: Re: LPT Day
Post by: stonethecrows on March 21, 2019, 03:00:55 pm
Yes. The next valuation date is 1st November 2019. You will need to file a return indicating the value (on that date) of each property you own.

Hence while there will be no increase there will be an increase if you know what I mean.
I hope they will remind us as I'm likely to foget
Title: Re: LPT Day
Post by: john m on March 21, 2019, 03:02:46 pm
Dont think my bunker has gone up enough to exit its present bracket .I think I put it under Hovel standard 2
Title: Re: LPT Day
Post by: Rat Catcher on March 21, 2019, 03:04:17 pm
I'd say they will, STC... probably by post.
Title: Re: LPT Day
Post by: john m on March 21, 2019, 03:09:07 pm
Market value just look at your locan Auctioneer and get an Idea but remember to exclude the cheapest and most expensive sales and then use an average .My mate priced his gaff at a higher rate than his neighbours as he had cobblelock and fancy gates and decking .
Title: Re: LPT Day
Post by: Rat Catcher on March 21, 2019, 03:15:06 pm
Some folk get high valuations to avail of lower LTV mortgage rates... are they shooting themselves in the foot or, given that we live in Ireland, is it acceptable to have a range of different valuations for different purposes?
Title: Re: LPT Day
Post by: stonethecrows on March 21, 2019, 03:20:33 pm
Some folk get high valuations to avail of lower LTV mortgage rates... are they shooting themselves in the foot or, given that we live in Ireland, is it acceptable to have a range of different valuations for different purposes?
Suppose you get a valuer to give you a low quote (oh and a donut for favourable figure) ?
Title: Re: LPT Day
Post by: dalymount on March 21, 2019, 03:33:05 pm
Id love to see a protest campaign against LPT being paid at all.what is  it for in the first place ?
Title: Re: LPT Day
Post by: stonethecrows on March 21, 2019, 03:56:05 pm
The Local Property Tax (LPT) replaced the Household Charge which was abolished from 1 January 2013.

Still don't know whats its for though !
Title: Re: LPT Day
Post by: silverbullet on March 21, 2019, 04:13:33 pm
I could never understand why the water protesters did not turn their attention to the abolition of LPT instead .at least with water you got something for tour money,but the greedy government just take LPT from you,and you get nothing for it
I paid 13,500 duty on my current house and got nothing in return.
Title: Re: LPT Day
Post by: stonethecrows on March 21, 2019, 04:19:01 pm
I could never understand why the water protesters did not turn their attention to the abolition of LPT instead .at least with water you got something for tour money,but the greedy government just take LPT from you,and you get nothing for it
I paid 13,500 duty on my current house and got nothing in return.
What about all the headaches ?
Title: Re: LPT Day
Post by: silverbullet on March 21, 2019, 04:22:50 pm
I could never understand why the water protesters did not turn their attention to the abolition of LPT instead .at least with water you got something for tour money,but the greedy government just take LPT from you,and you get nothing for it
I paid 13,500 duty on my current house and got nothing in return.
What about all the headaches ?
They were free.
Title: Re: LPT Day
Post by: Vikkiz on March 21, 2019, 09:35:56 pm
I could never understand why the water protesters did not turn their attention to the abolition of LPT instead .at least with water you got something for tour money,but the greedy government just take LPT from you,and you get nothing for it
I paid 13,500 duty on my current house and got nothing in return.
What about all the headaches ?
Solpadene or Nurofen for them
Title: Re: LPT Day
Post by: Rat Catcher on March 22, 2019, 02:18:52 pm
I paid 13,500 duty on my current house and got nothing in return.

That's more than the erm paid for his gaff. He got an LDA in return!
Title: Re: LPT Day
Post by: dalymount on March 22, 2019, 02:40:25 pm
Na that was Rodney Trotter
Title: Re: LPT Day
Post by: silverbullet on March 23, 2019, 04:06:12 pm
I paid 13,500 duty on my current house and got nothing in return.

That's more than the erm paid for his gaff. He got an LDA in return!
I didn't marry me first ride...just saying! 8)
Title: Re: LPT Day
Post by: john m on March 23, 2019, 04:11:01 pm
I paid 13,500 duty on my current house and got nothing in return.

That's more than the erm paid for his gaff. He got an LDA in return!
I didn't marry me first ride...just saying! 8)

Yerself and your father were Batchelors then  yay yay yay yay
Title: Re: LPT Day
Post by: silverbullet on March 23, 2019, 08:01:13 pm
I paid 13,500 duty on my current house and got nothing in return.

That's more than the erm paid for his gaff. He got an LDA in return!
I didn't marry me first ride...just saying! 8)

Yerself and your father were Batchelors then  yay yay yay yay
Peas or beans?