Land Zoning
Sixty-five appeals against land hoarding tax filed by site owners
Some of owners of residentially zoned land, which is lying idle, face six-figure levies under the government’s crackdown on land hoarding
Large developers and landowners, including Cairn Homes and Park Developments, have lodged more than 60 appeals with An Bord Pleanála in a bid to avoid significant land-hoarding taxes.
From February 2024, a Residential Zoned Land Tax (RZLT), levied at 3 per cent on a site’s market value, will come into force. The tax, which will be collected by Revenue Commissioners, is based on what land county councils have zoned for housing. At the beginning of ...