The Minister for Finance, Michael McGrath TD, and the Minister for Housing, Local Government and Heritage, Darragh O’Brien TD, have announced the deferral of the initial liability date for the Residential Zoned Land Tax (RZLT) by one year, from 1 February 2024 until 1 February 2025.
This deferral was announced in Budget 2024. All local authorities published final RZLT maps at 1 December 2023. The deferral provides landowners further opportunity to submit requests for a change in the zoning of their land to local authorities in respect of the mapping process.
“The extension of the initial liability date of the Residential Zoned Land Tax by a year is an important step to ensure fairness and transparency in the process of implementing the tax.
Ireland requires increased housing supply to meet our housing needs. The RZLT aims to incentivise landowners to activate existing zoned and serviced residential development land for housing on identified lands and lead to the building of more homes. The tax measure is a key pillar of the Government’s response to address the urgent need to increase housing supply in suitable locations. However, affected landowners should have another opportunity to engage with the mapping process before the tax comes into effect, especially considering the application of the tax to previously unaffected lands for the first time. For these reasons, I have decided to defer the liability date to 1 February 2025.