Finance (Local Property Tax) Act 2012 section 58

Time limits for making assessments

Section 58 sets out the time limits within which Revenue may make or amend assessments to local property tax, and the circumstances in which those time limits do not apply.

• Revenue cannot make an LPT assessment before the relevant return date unless the liable person has already submitted a return before that date.
• Where a return contains a full and true disclosure of all relevant matters, Revenue cannot make an assessment, charge additional LPT, or make a repayment after the end of 4 years from 1 January following the year in which the relevant liability date falls.
• Any objection that the time limit for making an assessment has expired can only be raised by way of a formal appeal against the assessment, within the permitted appeal period.
• Revenue may amend an assessment at any time where the return was not fully and truly disclosed, to give effect to an appeal determination, or to correct a calculation error, with LPT paid or repaid accordingly.