Property tax deferrals signalled

Introducing the amending legislation to the Finance Local Property Tax Act, Minister for Finance Michael Noonan told the Dail today the Government had to pass the legislation last year to meet a troika commitment.

Introducing the amending legislation to the Finance Local Property Tax Act, Minister for Finance Michael Noonan told the Dail today the Government had to pass the legislation last year to meet a troika commitment.

Fri, Mar 1, 2013, 00:00

A homeowner in a debt settlement or personal insolvency arrangement may qualify for a property tax deferral for the duration of that agreement, Minister for Finance Michael Noonan has said.

Householders whose homes are affected by pyrite will be exempt from the tax for three consecutive years and properties used by charities will also be excluded where their property is used for recreational purposes. Local authority housing will be liable for the lowest valuation charge (a property value up to a maximum of €100,000) and payment will be deferred until 2014.

Introducing the amending legislation to the Finance Local Property Tax Act, which was passed in December and is to be implemented in July, Mr Noonan told the Dáil today they had to pass the legislation last year to meet a troika commitment.

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