Finance (Local Property Tax) Act 2012 section 106

Deduction by Minister in subsequent periods

Section 106 deals with the continued deduction of local property tax from a liable person's net scheme payments in years after the initial return, where the person has already elected this payment method.

• Where a liable person has elected to pay LPT by deduction from net scheme payments, this method carries forward automatically into subsequent years.
• The section applies where LPT becomes due on a liability date following the one covered by the original return.
• No new return is required for these subsequent liability dates — the original election continues to apply.
• The deduction method remains in place unless the liable person notifies Revenue that they wish to switch to a different payment method.