When selling a property, your solicitor will need to get Revenue clearance pertaining to your property's LPT. If the sales price is €400,000 or below, general clearance applies and no further action is required. However, for properties with sales prices above this level, in order for general clearance to apply, two tests must be met.

• Firstly the sales price should not exceed the upper threshold of the band assigned for period 1 (2013-2021) by more than 125%.
• In addition, the sales price should not exceed the upper threshold of the band assigned for period 2 by 15%.
• If both of these tests are not met, then either the bands will need to be updated or specific clearance will need to be sought.

In order to obtain specific clearance, the relevant form is the Revenue Form 5 which is available here.