News & Insights

Residential Zoned Land Tax (RZLT)

The Residential Zoned Land Tax (RZLT) was introduced by the Finance Act 2021.

The purpose of it is to increase housing supply and to encourage redevelopment of vacant lands in urban locations.

It will apply to land that on or after 1 January 2022, is zoned for residential use and will be charged at a rate of 3% of the land’s market value annually.

Residential properties are not subject to RZLT if they are subject to the Local Property Tax. Therefore most residential properties will already be excluded.  If your residential property has a garden or yard that is larger than 0.4047 hectares (1 acre) and is included on the RZLT map, you have to register for RZLT but you do not have to pay the tax.

If you are the owner of land which is liable to RZLT on 1 February 2024 you must make an RZLT tax return by 23 May 2024.

Local authorities have published draft maps of areas where landowners will be subject to the new tax from 2024.  The final form of the maps will be published on 1 December 2023 and will be reviewed annually thereafter. See below the map stages:

RZLT Map Stage Date of Publication
Draft Map 1st November 2022
Supplemental Map 1st May 2023
Final Map 1st December 2023
Review Map Annually

Landowners are entitled to make a submission to the local authority to exclude their land from a map, additionally landowners may also make a submission to include land which is not shown on a map.

For more information on how you may be affected by the new legislation please contact our conveyancing team of Cara Walsh, Clodagh O’Hagan or Niall Shanley.