Local Property Tax (LPT) liability

Properties that become liable for LPT

If your property is a residential property on 1 November 2024, it is liable for LPT in 2025. In most cases, this means that your property may become liable for LPT in 2025 if:

• it is a newly-built residential property completed after 1 November 2023 and on, or before, 1 November 2024
• or
• it has become occupied, or suitable for use as a dwelling, after 1 November 2023 and on, or before, 1 November 2024.

Newly built residential properties

If you purchased, or built, a new residential property between 2 November 2023 and 1 November 2024, it will be liable for LPT in 2025 if, on 1 November 2024, it was:

• occupied
• or
• suitable for use as a dwelling.

Properties that have become suitable for use as a dwelling

Your property may not have been previously liable for LPT if it was unsuitable for use as a dwelling. For example, a partially collapsed property with no sanitary facilities is not suitable for use as a dwelling.

However, if such a property was renovated, and is now suitable for use as a dwelling, it is liable for LPT. The property will become liable for LPT in 2025 if, on 1 November 2024, it is:

• occupied
• or
• suitable for use as a dwelling.

What you need to do

You need to:

• value your newly liable property as at 1 November 2021. This means that you have to determine the value of your property, as if it had existed in its completed state, on 1 November 2021.
• submit your valuation as part of your LPT Return on, or before, 2 December 2024
• and
• make arrangements to pay your LPT charge.

You must register your property with Revenue if it has not previously been registered for LPT or Stamp Duty. For further information, please see Register a Property for Local Property Tax (LPT).

If your property has already been registered for LPT, you should access your Revenue property record.

Next: Commercial properties