Ps, vendors appear to have very limited financial resources, even the electric is PAYG.Hmm.. my understanding was that solicitor wont allow sale to go through unless LPT paid.
When i sold, i had to get NOPR exemption and show evidence that LPT was paid. Purchaser then refunded portion of that.
Ifyou buy before its sorted, how can you show evidence to revenue? You wont have access to bills to confirm it was primary residence.
Ask your solicitor to get exact numbers of whats due and why seller wont pay.
It seems odd that solicitor is advising this but maybe others have been in this situation.
Good point.I think the issue would be if you go to sell this propert, and this hasnt been paid then you will have an issue.
Normally LPT should be paid in advance of sale. In this case they want money to be released to vendor who says they will pay it later. Why cant vendors solicitor give undertaking to withhold that amount from proceeds of sale and ensure payment
From sellers point.. are there any repercussions for them if they dont pay it? I doubt revenue will chase them for it, but it will become your problem.
Ask your solicitor for details of amounts as it now stands.
Honestly the LPT is a huge headache and its unfair to put onus on purchasers, but that seems to be how its handled.
Apparently they can, please read previous post with solicitor,s comments. Have just read your post, and I know it makes sense, but why is the sellers solicitor not sorting out the LPT issue. Also the NPPR letter has not been issued .Have a look at this
You are buying a property
This page describes your Local Property Tax obligations when buying a propertywww.revenue.ie
The sellers cant sell the house without Revenue clearance that all LPT has been paid,
It's sale agreed since Christmas, no contract has been issued by the sellers solicitor, it would be easy to pull out of the deal, but there is no choice of housing stock similar for sale. Could we find out exactly how much LPT including penalties are due on the house and deduct it from the cost of the house.There are two stages in the process
1) Sale agreed - which is not legally binding even though you have paid a deposit
2) Exchanged contracts - where both of you have signed the c,ontracts and you solicitor has a copy of the signed contracts. It's legally binding at that stage.
Which stage are you at?
If you have exchanged contracts, withhold the LPT + interest for 5 years with your solicitor giving an undertaking to pay it and refund the difference.
It sounds like a real mess with a vendor who can't organise themselves. Their solicitor could be a messer but it's hard to know. A good solicitor can't really do anything if their client is hopeless.
Brendan
It's sale agreed since Christmas, no contract has been issued by the sellers solicitor,
Another mess which will completely destroy any type of pragmatism on either side.The sale has fallen through previously, divorced/ split couple.
The sale has fallen through previously, divorced/ split couple.
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