Selling, buying or transferring a property
What happens when there is more than one sale in a valuation period?
Prior to a sale or transfer of a property, LPT clearance must be provided by the seller to the buyer of the property confirming that:
- all LPT liabilities have been paid
- all returns filed
The seller must also confirm that the declared valuation for the property (as at 1 May 2013) appeared reasonable.
A copy of the LPT clearance (general) for the first sale in the valuation period is sufficient to confirm the declared valuation for all subsequent sales within the valuation period. In addition, confirmation that all LPT and Household Charge liabilities have been paid in full must be provided to the buyer.
The Property History Summary covering all periods can be used for this purpose. These clearance documents should be provided to future buyers if the property is sold again during the valuation period.
The sale or transfer may not be the first in the valuation period (1 May 2013 to 31 October 2019). If the current seller does not hold LPT clearance for the previous sale(s), the buyer must be provided with confirmation that:
- all LPT returns have been filed
- all outstanding LPT has been paid
- the valuation declared as at 1 May 2013 appears reasonable.
Where general clearance conditions were not met for the first sale in the period, specific clearance should have been requested from Revenue.
If the current seller:
- does not have specific clearance approval available for the first sale
- the property does not now qualify for general clearance
the seller should submit an application for specific clearance (LPT5) to LPT Branch.
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