As mentioned in a previous blog post, a tax of €200 needs to be paid on properties that are not a person’s main place of residence. This tax was due by the 31st of March but there is a 3 month grace period. That period ends today, June 30th. A €20 per month penalty will apply for all late payments so if you haven’t paid as yet you better do it quick!
There are exemptions from the tax, such as certain social housing and heritage buildings. The payment can be made online at www.nppr.ie
PRTB
Another quick reminder, this time about the PRTB. All residential properties must be registered with the Private Residential Tenancies Board, as must all changes in tenancies and tenants who have been renting for over 4 years must be re-registered. Registration is done through an application form (found online at prtb.ie or through your letting agency) and a fee of €90 has to be paid. If you’re not sure whether or not a property is registered, you can check on the PRTB website. It is of the utmost importance that you register as there is a major crackdown ahead. As reported in the Irish Independent, the State had paid more than €250m last year to unregistered landlords and it appears that this has helped to spurn on the action. Failure to register may bring about a fine of up to €3000, daily fines of €250 and/or 6 months imprisonment. The Revenue Commissioners are looking for landlords to confirm that they’re registered before they allow a bank interest deduction on the particular property so registering really is the best thing you can do.
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