HOMEOWNERS WITH QUERIES URGED TO CONSULT COMPREHENSIVE GUIDE
Monday 27th May 2013. The Society of Chartered Surveyors Ireland (SCSI) has
urged homeowners around the country who have not yet registered for the Local
Property Tax to do so online in advance of Tuesday’s midnight deadline.
The President of the SCSI Micheál O’Connor said it was important that homeowners
used all the information available for comparison purposes and arrived at an accurate
valuation within the correct band.
“Time is short and at this stage homeowners will more than likely have to carry out a
self assessment. We would urge anyone with last minute questions or queries to
consult the very comprehensive guide to the tax which the SCSI and the Irish Tax
Institute published last month” O’Connor said.
The Guide is an excellent one-stop-shop for understanding how the local property tax
works, as it includes details on how the property tax is calculated, who is liable, the
options for Revenue enforcement in the event of failure to lodge a return and a most
useful frequently asked questions section. It’s available here or by clicking on the home page of the SCSI website http://www.scsi.ie
“The figure contained within the return homeowners received from Revenue is
estimation and does not constitute a valuation. Our advice to homeowners is to take
the necessary steps to arrive at a value they believe their property is worth using the
many tools and calculators available online. That valuation will be used for the next 3
years so it is very important that homeowners carry it out diligently and
comprehensively in order to avoid any penalties” O’Connor said.
Video highlights of the recent ‘Society of Chartered Surveyors Ireland & Irish Tax Institute Public Information Seminar on LPT’, which was held on April 9th in The Davenport Hotel, is now available by clicking here.