Oireachtas Joint and Select Committees
Thursday, 2 July 2015
Public Accounts Committee
2013 Annual Report of the Comptroller and Auditor General and Appropriation Accounts
Chapter 15: Local Property Tax
Chapter 16: Taxation of Rental Income
2014 Account of the Revenue Commissioners
10:00 am
Mr. Niall Cody:
The LPT, like all taxes, is a self-assessment tax, so the individual assessed the value of the property back on 1 May 2013, which was the valuation date, and it is a banded system, apart from properties worth in excess of €1 million. Like every other self-assessment system, the returns are filed and then we review where we have risk indicators.