The implementation of the Residential Zoned Land Tax(RZLT) is to be further modified according to Tipperary council’s planning officials.
The tax was to be introduced in 2023 and levied at the rate of 3% annually on the market value of the land as a measure to activate the use of such land for housing development. The tax applies to land that is zoned residential and also serviced with access to water and road connections. The tax has been opposed by some in the farming sector and by some developers.
A new circular from the department instructs Tipperary County Council to contact any landowner that previously made a submission about their land to invite them to make a further submission as regards their preferred zoning of the land which will now become an annual option. Secondly any land owner with land liable for the tax that has secured planning permission to build within the last twelve months can also seek a document confirming this to present to Revenue to avoid the tax.
The Council is to publish revised maps on February 1st showing the lands currently liable for the tax and will seek to widely communicate the new regulations. As a new Water Treatment Plant in Ballina offers extra capacity lands near Ballina may now be liable for the tax – there is a three year lead in period before the tax is payable.