The €200 NPPR charge for 2010 falls due next Wednesday, 31 March 2010. Readers should note that there will be a three month payment window with late payment fees of €20 per month or part month coming into effect from 1 July 2010. The 2010 charge is based on the ownership and status of the property on 31 March 2010 and the liability falls on the "owner", who essentially is the recipient of any rents, or who would be the person receiving any rents if rents were due.
As previously advised in eNews, Revenue has confirmed, through the TALC forum, that the €200 NPPR charge is not an allowable deduction in computing taxable rental income. In computing the net rental amount received, only those deductions that are specified in section 97(2) TCA 1997 are allowable.
Readers should note that the due date for the 2009 charge was 31 July 2009 and the late payment fee for 2009 is in effect since 1 November 2009.
Further information on the NPPR charge and list of FAQs is available here.