Revenue has updated its website outlining the LPT requirements for residential properties that have become liable to LPT after 1 November 2021. Where a residential property was newly built or has become occupied or suitable for use as a dwelling between 2 November 2021 and 1 November 2022, it is liable for LPT in 2023.
The LPT return is due for submission on or before 2 December 2022. The valuation date for LPT is 1 November 2021. As the property must be valued as if it existed at 1 November 2021, Revenue has provided information and examples on determining the value of such a property for LPT.