This annual charge was introduced back in 2013 and it is relevant to you if you own a residential property in the Republic of Ireland, have a long-term lease over 20 years, or a life interest in the property for more than 20 years.
This is a self-assessment tax, so you calculate the tax based on your own assessment of the market value of the property. You pay every year based on the valuation on 1 May 2013.
Market value bands determine the amount payable. The rates introduced in 2013 still apply and will continue until 1 November 2019 – but some Local Authorities have made adjustments downwards depending on your location. Read more