The Finance (Local Property Tax) Act 2012 (“the Principal Act”)[1] introduced a then new tax on all Irish residential properties known as “local property tax” (LPT). LPT was intended to operate as an annual self-assessed tax commencing from 2013 and replacing the previous household charge. It had the stated aims of providing a stable funding base for local authorities and delivering significant structural reform by broadening the tax base in a manner that would not directly impact on employment.
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