LPT: Certain area large bungalows in band 2 & small detached houses in band 3.

[meepman]

In a friends area, bungalows are in band 100-150k, while detached houses are 150-250k?

How has revenue calculated this, as a lot of the bungalows in the lower bracket are very big and larger than the detached houses and most probably worth much the same.

 

[mandelbrot]

The figure on the letters are irrelevant though, unless the property owners in question are intending on not filing a return?

 

[meepman]

But, if for instance the detached house owner feels his/her house is worth the same as the equivalent bungalow, and sends in the self declaration as band B are they open to be interrogated by the revenue.

 

[mandelbrot]

But, if for instance the detached house owner feels his/her house is worth the same as the equivalent bungalow, and sends in the self declaration as band B are they open to be interrogated by the revenue.

The documentation from Revenue specifically says that the figure on the letter is not a valuation of anyone's specific property - it's a very broad based estimate.

It's up to individuals to make their own honest assessment of the valuation of their property. 7 or 8 years ago everyone in the country was a property valuation expert, now all of a sudden everyone is bereft.