Finance (Local Property Tax) Act 2012 section 121

Revenue Commissioners may decide on allocation of payment

Section 121 gives Revenue the discretion to decide how a payment from a liable person is allocated across their local property tax liabilities where they own more than one residential property.

• Where a person is liable for local property tax (LPT) on more than one residential property, Revenue may decide how any payment is allocated across those properties.
• Revenue can apply a payment against the LPT liability for any one property, or spread it across several or all properties, in whatever proportion they see fit.
• This overrides the normal rule (under section 960G of the Taxes Consolidation Act 1997) that requires a taxpayer to specify which liability a payment is intended to cover.
• The provision ensures Revenue has flexibility to manage LPT payments efficiently, particularly where a liable person has multiple property liabilities outstanding.