The residential zoned land tax finally kicked in this year, after much delay since it was first flagged in the 2021 Finance Act as the replacement for the largely unsuccessful vacant site levy. The tax – abbreviated to RZLT – is a three per cent levy on the value of undeveloped land. Its aim is to encourage residential development on serviced land amid a seemingly never-ending housing crisis. In June, Revenue released the first tranche of data on payments for land identified by local authorities as falling under the tax net. The figures show close to 1,800 returns were filed…

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