COMHAIRLE CONTAE ÁTHA CLIATH THEAS
SOUTH DUBLIN COUNTY COUNCIL

South Dublin County Council Crest

MEETING OF SOUTH DUBLIN COUNTY COUNCIL

Monday, January 09, 2017

MOTION NO.2

MOTION: Councillor E. O'Brien

That this local authority calls on the Minister for Finance to review the penal interest rates charged to those citizens who chose to defer payment of their Local Property Tax due their age, ability to pay or insolvency and requests that these rates be lowered in accordance with prevailing interest rates.  

REPORT:

South Dublin County Council will receive 20.4m from the LPT to fund services in 2017.

Payment of LPT may be deferred in part or full subject to certain income thresholds. The property must be the sole or main residence of the liable person (i.e. the claimant must be an owner-occupier). Deferral based on Income Thresholds is not available for landlords or second homes.

Income thresholds for full and partial (50%) deferral of LPT liability

Liable person (owner-occupiers only) To qualify for a full deferral gross income must not exceed To qualify for a partial (50%) deferral gross income must not exceed
Single or widow/er, no mortgage €15,000 €25,000
Couple, no mortgage €25,000 €35,000
Single or widow/er, with mortgage €15,000 + 80% of gross mortgage interest payments €25,000 + 80% of gross mortgage interest payments
Couple, with mortgage €25,000 + 80% of gross mortgage interest payments €35,000 + 80% of gross mortgage interest payments

 LPT may also be deferred in cases of

Based on information available (October 2016) there were approximately 34,000 claims for LPT deferral nationally in 2016. An analysis of this data on a county by county basis is not provided.

Interest at a rate of 4% per annum will be charged on all amounts of LPT that are deferred. Any deferred amount, including interest, will be a charge on the property and will have to be paid to Revenue on the sale/transfer of the property.

If the motion is passed the matter will be referred to the Minister for Finance.