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Question.
I am resident in Newry but have rental properties in Dundalk. How will the new ‘Household Charge’, introduced for 2012, effect me?
Answer.
The Irish Government have introduced an annual €100 household charge. The charge applies to all Irish residential properties owned by individuals or companies on 1 January 2012. The charge must be paid by 31 March 2012 in order to avoid any late payment fees and interest. With interest of 1% per month on late payments and late payment fees rising to 30% if the charge is more than 12 months late, it is essential that you register and pay this annual charge before 31 March 2012 if you are liable to pay it.
The Household charge applies even if you are not resident in Ireland. It applies to all Irish situated residential properties, regardless of whether such properties are an individual’s main residence or an investment property owned by an individual. The household charge can be paid online from the following website www.householdcharge.ie
It is important to note that this household charge is in addition to the Non Principal Private Residence (NPPR) charge that was introduced in 2009. The NPPR also applies to Irish properties that are not occupied as your principal private residence. The NPPR charge is €200 per year and is due for payment this year no later than 31 May 2012.
Neither the NPPR charge nor the new household charge is allowed as a deduction for income tax purposes.
The advice in this column is specific to the facts surrounding the questions posed. Neither FPM Accountants LLP nor the contributors accept any liability for any direct or indirect loss arising from any reliance placed on replies.
Email d.foley@fpmca.com |