Form LPT4 at a glance
What it is: Form LPT4 - Change of Ownership Form.
Who signs: The designated liable person will be responsible for signing this form, for submitting LPT Returns and for paying the tax due.
If you have acquired ownership of a residential property through purchase or other transfer (such as gift or inheritance) between 2 May 2013 and 31 October 2016, please complete this form if any of the following apply:
you consider that the chargeable value declared by the vendor/previous owner in relation to the valuation date 1 May 2013 could not reasonably have been arrived at and should have been higher; you wish to claim an exemption; following an inheritance, no Stamp Duty return has been submitted to relect the change in ownership.
A filled-in Form LPT4 example: a new owner reports an inherited house
How to fill out Form LPT4, box by box
Name and PPSN of New Liable Person
Insert the name and PPSN of the new owner of the property (one person only). Where there is more than one new owner, all of the owners should jointly nominate one of themselves to be the designated liable person in relation to the property.
Property ID and Property Address
Enter the Property ID and the Property Address.
Exemption Types
If you are claiming an Exemption, insert the exemption type in this box (see Exemption Types overleaf).
The following properties are exempt from LPT. Please see www.revenue.ie to conirm which exemptions will automatically carry over from the previous owner to the new owner.
A. New and unused properties purchased from a builder or developer between 1 January 2013 and 31 October 2016 are exempt until the end of 2016.
B. Second hand properties purchased between 1 January 2013 and 31 December 2013 are exempt until the end of 2016 if used as the person's sole or main residence.
C. Properties constructed and owned by a builder or developer that remain unsold and have not yet been used as a residence.
D. Certain properties in uninished housing estates (commonly called “ghost estates”), speciied by the Minister for the Environment, Community and Local Government.
E. Properties certiied as having a signiicant level of pyrite damage in accordance with regulations to be published by the Department of the Environment, Community and Local Government.
F. Residential properties owned by a charity or a public body and used to provide accommodation and support to people who have a particular need in addition to a general housing need to enable them to live in the community, e.g. sheltered housing for the elderly and the disabled.
G. Registered Nursing Homes.
H. A property previously occupied by a person as his or her sole or main residence that has been vacated by the person for 12 months or more due to long term mental or physical inirmity. A property may also be exempt if the vacated period is less than 12 months and a doctor is satisied that the person is unlikely to return to the property. In both cases, the exemption only applies when the property is not occupied by any other person.
I. Properties purchased or adapted for use as a sole or main residence of a severely incapacitated individual who has received an award from the Personal Injuries Assessment Board or a Court or who is a beneiciary under a trust established for the purpose.
J. Mobile homes, vehicles or vessels.
K. Properties fully subject to commercial rates.
L. Diplomatic properties.
M. Properties used by charitable bodies as residential accommodation in connection with recreational activities that are an integral part of the body's charitable purpose, e.g. guiding and scouting activities.
Date of change of ownership
Date of change of ownership (date new owner signs Deed of Transfer), in the form D D / M M / Y Y Y Y.
Revision of chargeable value declared by vendor/previous owner
Revision of chargeable value declared by vendor/previous owner. If you consider that the chargeable value declared by the vendor/previous owner in relation to the valuation date 1 May 2013 could not reasonably have been arrived at and should have been higher. You should indicate your own estimate of the chargeable value of the property that would have applied at 1 May 2013 by inserting the band number or the valuation in the Band Number box or the Valuation of Property box.
Band Number (see Property Valuation Bands overleaf).
Valuation of Property only if greater than €1m.
Property Valuation Bands RPC004158_EN_WB_L_1, Valuation Band Number and Valuation Band Range (€): 01 0 to 100,000 02 100,001 to 150,000 03 150,001 to 200,000 04 200,001 to 250,000 05 250,001 to 300,000 06 300,001 to 350,000 07 350,001 to 400,000 08 400,001 to 450,000 09 450,001 to 500,000 10 500,001 to 550,000 11 550,001 to 600,000 12 600,001 to 650,000 13 650,001 to 700,000 14 700,001 to 750,000 15 750,001 to 800,000 16 800,001 to 850,000 17 850,001 to 900,000 18 900,001 to 950,000 19 950,001 to 1,000,000. If the market value of your property is greater than €1m, insert the actual value of the property in the ield titled “Valuation of Property only if greater than €1m”.
Declaration, Signature, E-mail Address and Phone No.
"I declare that all the particulars on this form are correct to the best of my knowledge and belief."
Date and Signature are each marked with *.
Enter the Relationship to Liable Person.
Enter the E-mail Address and the Phone No.
More rules for Form LPT4
* denotes a mandatory ield.
For LPT purposes, whoever owns the residential property on 1 November in any year will be liable to pay LPT on the property for the following year.
For example, if you purchase a property on 10 January 2014 and you still own it on 1 November 2014, you will be liable to pay LPT for 2015.
Revenue offer a range of methods for paying the tax. You can opt to pay your LPT liability in one single payment or to spread your payments evenly over the course of the year.
Further details are available on www.revenue.ie or by calling the LPT helpline on 1890 200 255.
Sources
[1] Form LPT4 - Change of Ownership Form (the Official source link on this page).