LPT question for First Time Buyer

[idefix]

hi,
I'm a newbie at all things LPT, hoping to get some guidance so I can budget accordingly.
So...
- as a first time buyer, which date is the date you start to be liable for LPT on the property you just purchased? Sale agreed date? Contract signed date? Closing date?
- as it's self estimated, how do I figure out the value I should pay tax on? I have no idea what the apartment's value was in 2013...
- are there penalties for paying monthly vs a once off for the year?

Thanks!

 

[PaddyBloggit]

'tis all here:

http://www.askaboutmoney.com/threads/how-and-when-to-pay-your-lpt-for-2017.201093/

==> Liability date: 1 November 2016 - whoever owns the property on this date, pays the tax for 2017.

 

[idefix]

'tis all here:

http://www.askaboutmoney.com/threads/how-and-when-to-pay-your-lpt-for-2017.201093/

==> Liability date: 1 November 2016 - whoever owns the property on this date, pays the tax for 2017.

I saw this page but it seemed to refer to people who were previously paying LPT, which is not my case...
Also doesn't answer my other questions other than the liability date

 

[PaddyBloggit]

All here so:

http://www.revenue.ie/en/tax/lpt/

 

[JohnJay]

Did u own the property on the 1st November? If you did, then you are liable. By 'own' I mean the sale is closed and you have the keys.

Your solicitor will have details of the LPT paid on the property in previous years. This will determine what you will pay in the future.

As far as I remember, you don't pay more by paying monthly.

 

[messyleo]

In practice a lot of solicitor's will apportion it - they should also provide you with the receipt for payment in previous years for your own records and to prove there are no outstanding charges that you could be liable for, which will give you the relevant valuation band.