Ireland: Proposed changes to local property tax
The topics provide an overview of the measures that are anticipated.
The topics provide an overview of the measures that are anticipated.
Proposed changes to the “local property tax” were announced in June 2021. Legislative text of the bill has not yet been released, but the topics provide an overview of the measures that are anticipated.
The proposed changes to the local property tax are expected to include measures that would:
- Make certain exempt properties subject to the local property tax
- Specify 1 November 2021 as the next valuation date for local property tax purposes
- Introduce significant changes with respect to exemptions available under the local property tax regime
- Increase the income thresholds for deferral of the local property tax (including marginal relief)
- Introduce new rules with respect to certain property transactions with local authorities and social housing bodies
- Amend the definition of “residential property” for local property tax purposes
- Introduce some notable changes regarding the compliance obligations on liable persons with respect to local property tax
Read a June 2021 report prepared by the KPMG member firm in Ireland
The KPMG name and logo are trademarks used under license by the independent member firms of the KPMG global organization. KPMG International Limited is a private English company limited by guarantee and does not provide services to clients. No member firm has any authority to obligate or bind KPMG International or any other member firm vis-à-vis third parties, nor does KPMG International have any such authority to obligate or bind any member firm. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. Although we endeavor to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act on such information without appropriate professional advice after a thorough examination of the particular situation. For more information, contact KPMG's Federal Tax Legislative and Regulatory Services Group at: + 1 202 533 3712, 1801 K Street NW, Washington, DC 20006.