Planning

Developers of ‘frozen’ sites to be exempt from residential zoned land tax

Owners of land phased for future housing development will not be liable for the Department of Housing’s new 3 per cent tax

The tax is expected to apply to around 10,000 hectares, meaning it could raise up to €300 million per year

Developers who own “frozen” housing land are to be exempted from the new residential zoned land tax.

The tax of 3 per cent on the market value of a housing site is designed to put pressure on developers to either start building homes, or sell the land to someone who will. However, some developers and landowners have complained that they own land zoned for housing which they are not yet permitted to build on.

This ...