Is the property price register being used?
- Thread starter landlord
- Start date
If you know of errors, then you can bring them to the PRSA as indicated on their website
But hang on the point i am making is its not a legal or compliance obligation to include a house sale on the ppr, as far as im aware but am open to correction.if this is the case then is it any wonder that people are questioning the completeness and accuracy of the register and stuff "mysteriously" not appearing. Of course stuff isnt there, laziness and lack of system integration are probably the reason why
The register is not perfect, far from it, The major flaw is that the address used is the address used in the stamp duty return with no eircode matching, so there are loads of vague and incorrect addresses which make it difficult to search, This has been pointed out a number of times in this thread already.
It is based on stamp duty returns,. It is a legal obligation to make a stamp duty return when a house is sold. Can you stand over your claim that "racks" of houses are not on the register because of laziness.
There may be gaps but there is no evidence that this is widespread.
It is based on stamp duty returns,. It is a legal obligation to make a stamp duty return when a house is sold. Can you stand over your claim that "racks" of houses are not on the register because of laziness.
There may be gaps but there is no evidence that this is widespread.
Just to follow up with some more clarity. Mine is a one off, second hand house - I can see lots of other houses in the locality on the listing and on the map but not mine.. I would be very confident that mine is not on the register, for what ever reason, I am not sure.
NoRegretsCoyote
Registered User
- Messages
- 5,766
That's because you are purchasing a land parcel.
An eircode is a database of delivery points.
Sometimes multiple apartments are sold as one transaction but there will be many eircodes.
If you think your property is not listed search all properties in the county for the four weeks in and around when you got the keys to the house and you will almost certainly find it with a spelling or transcription error.
Occam's razor usually applies. Sloppy transcription is far more likely than Revenue failing to process a stamp duty return.
Already corrected, there is a legal obligation to pay stamp duty, and the event of registering that payment sees Revenue inserting the record in the PPR.
Not to be pedantic Leo but these are two seperate things albeit somewhat linked.
Yes of course theres a legal obligation to pay all taxes, including stamp duty. Youre breaking the law if you dont pay stamp duty but youre not breaking the law if house sale isnt on ppr.
My observation is that it is not a legal obligation that house sales be included on the ppr. They may do and it may be linked to payment of stamp duty. Its not, though, a legal obligation. If it was a legal obligation - who bear the obligation?
So im sorry but you are incorrect in saying that i have already being corrected. The fact very much remains that it is not a legal obligation that house sales be included on the ppr. To be frank, its a bit laughable that you or anyone is attempting to claim that it is! Think about it man.
Last edited:
It's semantics, stamp duty must be paid, the act of paying adds the record to the register.
Where did I claim there was a legal obligation?
I said it wasnt a legal obligation but was open to correction.
You then said i was corrected, suggesting there was a legal obligation.
Again my point is simply that there is not a legal obligation on anyone to register a property transaction on the ppr. I think this would explain, to at least some extent, why not all properties are registered.
The fact that paying stamp duty is a pre cursor to a sale getting registered simply outlines the sequence of how it should work.
Maybe a solictor on this forum can confirm but my understand is that there is no legal requirement on anyone to register a property sale on the register which to my mind would go some way in explaining why oft times property sales are not registered.
So as you'll see at no point did I claim there was a legal obligation on any individual to register a transaction.
Haven't we done this to death at this stage? There is no legal obligation on any individual to explicitly register a sale on the register. There simply is no need for such legislation when the Revenue are already submitting all covered sales to the register.
Introducing an obligation on solicitors to do this instead would significantly increase the complexity of the process for no gain. The register would need to be opened up so that any solicitor could submit transactions. That would significantly add to the complexity of the system and the associated costs of the system. Guess who would pay for that?
Does this help:
From the Residential Property Price Register
"The Register is compiled from data which is filed, for stamp duty purposes, with the Revenue Commissioners. The data is primarily filed electronically by persons doing the conveyancing of the property on behalf of the purchaser and errors may occur when the data is being filed.
The PSRA does not in any way edit the data. It simply publishes, in a fully transparent manner, the data from the declarations which are filed with the Revenue Commissioners. If the data filed contained typographical errors then those errors will appear on the Register."
mf
From the Residential Property Price Register
"The Register is compiled from data which is filed, for stamp duty purposes, with the Revenue Commissioners. The data is primarily filed electronically by persons doing the conveyancing of the property on behalf of the purchaser and errors may occur when the data is being filed.
The PSRA does not in any way edit the data. It simply publishes, in a fully transparent manner, the data from the declarations which are filed with the Revenue Commissioners. If the data filed contained typographical errors then those errors will appear on the Register."
mf
I know the original owner, and she definitely sold it.
Q. and pardon the ignorance if the answer is an ovbious one.... but , when multiple properties (circa list of 20 or 30) appear with a property, as "other properties in this sale" , on the Property Price Register, what does this denote .... ? The eg. I am referring to, is not multiple properties in a new or same development, but scattered all over the county. Just an observation I do not understand.... presumably some sort of fund ? These properties seem to be quite over valued also ?? Just wondering if anyone could clarify possible scenarios for this...
It could be any single stamp duty filing that includes more than 1 property. An inheritance of a property portfolio, incorporation of an existing portfolio, transferring ownership between 2 companies, etc.
NoRegretsCoyote
Registered User
- Messages
- 5,766
Is there any rule against these being in different locations?
When I'd come across these before it tended to be a whole apartment block or multiple units within same.
No. The PPR is based on the stamp duty filing, which allows for the input of individual folios / addresses, but there is a limit on the total number on a single filing. I can't remember off the top of my head.
Typically bulk purchases would be in a single block, but that's not the only possibility that can arise.