Under-valuing LPT can lead to interest and penalties – and block sales
Don’t try to low-ball the Revenue. Illustration: Getty
With homeowners struggling with the cost of living and gritting their teeth after a budget that delivered no tax boost for middle-income earners, the prospect of another looming tax bill may prove difficult to swallow.
In recent weeks, Revenue has run an information campaign and sent letters and email notifications to remind homeowners to revalue their homes for LPT purposes on November 1.