Revenue’s second newly published Tax and Duty Manual on the RZLT sets out the operational guidelines for the registration of a site for these purposes.
These guidelines set out the registration responsibilities of liable persons in relation to the sale of a relevant site which are outlined below.
RZLT is an annual tax which commences in 2025 and is calculated at 3 percent of the market value of land within its scope. Returns and payments are due on or before 23 May 2025.
The RZLT does not apply to certain properties, such as those already subject to the Local Property Tax (LPT). Local authorities have created and published maps identifying land within the scope of the RZLT and these maps will be revised by 31 January each year. Maps should be reviewed to determine if a property is liable to RZLT.
The manual also outlines how to:
- Register a site for the RZLT
- Register a site for the RZLT where planning permission was granted on a portion of the site
- Submit a declaration on the commencement of non-residential development.
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