Revenue has published guidance on the Residential Zoned Land Tax (RZLT) in a new Tax and Duty Manual. RZLT applies to land that, on or after 1 January 2022, is zoned as being suitable for residential development and is serviced, with certain exclusions.
RZLT is an annual tax, calculated at 3 percent of the market value of the land within its scope. An owner of land, which is zoned as suitable for residential development and serviced on 1 January 2022 and where development has not commenced before 1 February 2024, will be liable to file a return and pay RZLT on or before 23 May 2024. Where land comes within the scope of the RZLT after 1 January 2022, the tax will be first due in the third year after it comes within scope.
RZLT will continue to be payable each year unless a deferral applies or the land ceases to be liable to the tax. The tax does not apply to existing residential properties but owners of residential properties with yards or gardens exceeding 0.4047 hectares must register for RZLT, but not pay it.
Each local authority is required to prepare and publish a map, to be updated annually, identifying land within the scope of the tax.
Further information is available in Revenue’s eBrief 148/22.