Róisín Shortall (Dublin North West, Social Democrats)
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176. To ask the Minister for Finance if he will clarify the 2017 local property tax liability for surrendered property (details supplied); and if he will make a statement on the matter. [40036/16]

Michael Noonan (Limerick City, Fine Gael)
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I am advised by Revenue that the Local Property Tax (LPT) 'liability date' is set down in the Finance (Local Property Tax) Act 2012 (as amended) as 1 November in the preceding year. For example, 1 November 2016 is the 'liability date' for 2017 and the owner of a relevant residential property on that date is obliged to pay the LPT due. This remains the case even if the property is sold or transferred after the 'liability date'.

Where a financial institution takes legal ownership of a residential property, it becomes liable for LPT from the next 'liability date'. However where the legal transfer of ownership is not fully completed or, where the terms of a Personal Insolvency arrangement are not formally confirmed before the 'liability date', then responsibility for payment in respect of the following year remains with the surrendering party.

Revenue has confirmed that it recently had contact from the person in question advising of a change in the ownership of the property. The person was requested to send in the relevant supporting documentation which has not been received to date. As soon as the supporting documentation is received, Revenue will make contact with the person to bring matters to a conclusion.