Finance (Local Property Tax) Act 2012 section 104

Election for specified method of payment

Section 104 deals with a liable person's right to elect to have local property tax deducted from their agricultural scheme payments, and Revenue's power to override that election where timely collection of the tax would be adversely affected.

• A liable person may elect in their LPT return to have the tax deducted by the Minister for Agriculture from their net scheme payments.
• Where such an election is made, Revenue must issue a direction to the Minister to deduct LPT from those scheme payments.
• However, if Revenue considers that honouring the election would adversely affect the timely collection of LPT, they may override the liable person's choice.
• In such cases, Revenue may select an alternative method of payment instead of deduction from net scheme payments by the Minister.