The RZLT was introduced to encourage people who own zoned land to sell or develop the land.
The tax is charged in Feb 2025 and due to be paid by May 2025, for land that met the criteria in 2022.
Given that the tax applies this year, is there any sign of it beginning to work?
Has there been an uptick in zoned land for sale?
Maybe a contributor to AAM is close to estate agents / property sector, and might be able to inform us.
www.revenue.ie
However, you are required to register for RZLT if your residential property:
The tax is charged in Feb 2025 and due to be paid by May 2025, for land that met the criteria in 2022.
Given that the tax applies this year, is there any sign of it beginning to work?
Has there been an uptick in zoned land for sale?
Maybe a contributor to AAM is close to estate agents / property sector, and might be able to inform us.
Residential Zoned Land Tax (RZLT)
Residential Zoned Land Tax (RZLT) is a self-assessed annual tax based on the valuation of a relevant site. It is calculated at 3% of the market value of the relevant site.
www.revenue.ie
Residential Zoned Land Tax (RZLT)
RZLT is a self-assessed annual tax based on the valuation of a relevant site. It is calculated at 3% of the market value of the relevant site.However, you are required to register for RZLT if your residential property:
- is included on an annually revised map
- and
- has a garden or yard that is greater than 0.4047 hectares (1 acre).
- first charged on 1 February 2025
- and
- payable on or before 23 May 2025.