ANYONE selling a house valued at more than £115,000 will have to apply for a tax clearance certificate to show that they have paid all Residential Property Tax (RPT) due, the Revenue Commissioners said yesterday.

RPT is being abolished from today. However, outstanding arrears must still be paid.

The threshold has been increased from £101,000 to £115,000 to keep in line with house price rises. This means that anyone selling a house worth more than this, from today on, must provide proof to the purchaser that all RPT arrears have been paid.

A spokesman for the Revenue Commissioners said last night that 20,000 people had paid the tax last year and the compliance rate was very high. However, he said the Revenue would continue to pursue those who had not paid the tax, n fairness to those who had.