Amy lives in a house in Tralee purchased with an inheritance from the estate of her late mother. Prior to moving to Tralee, Amy owned and lived in a one-bedroom apartment in Limerick. This apartment has been vacant since Amy moved to Tralee. Amy intends to retain the apartment for her children to use when they are old enough to attend college. She has decided not to rent the apartment.
The apartment is worth €250,000. Amy’s base rate of LPT is €225. Limerick City and County Council have applied the Local Adjustment Factor, increasing her LPT liability by 15% to €258. However this adjustment is not relevant for VHT.
Amy’s liability to VHT is calculated as three times her base rate of LPT of €225. This means that her liability to VHT is €675.