653Q Charge to residential zoned land tax

Summary

This section provides that a tax to be known as ‘residential zoned land tax’ shall be charged, levied and paid annually on the liability date by the liable person.

Details

(1) Residential zoned land tax will be charged and levied annually on a relevant site on the liability date. Sites which meet the relevant criteria set out in section 653B on 1 January 2022 will be chargeable for each year from 1 January 2024 onwards. Where a site becomes a relevant site after 1 January 2022, it will be chargeable for each year beginning with the third year following the year it becomes a relevant site.

(2) Residential zoned land tax in respect of a site subject to the tax is payable on the return date of the year in which the tax is charged, by the liable person, where there is a liable person in respect of the relevant site.

(3) Where there is more than one liable person in relation to a relevant site, joint and several liability will apply to all liable persons in respect residential zoned land tax payable in respect of that relevant site.

(4) Any residential zoned land tax and interest referred to in section 653Y that remains unpaid after it is due and owing, becomes and remains a charge on the land to which it relates.

Relevant Date: Finance Act 2021