Taoiseach Leo Varadkar has provided clarity about the issues surrounding the proposed Residential Zoned Land Tax.
Responding to a question from Independent Deputy Sean Canney, Leo Varadkar says the government are aware of the current faults in rolling out such a tax, particularly the impact it has on land that is actively farmed.
RZLT is a new annual tax that will be calculated at 3% of the market value of land that is considered to be “in scope”, including land zoned for residential development.
The Galway Deputy has welcomed this clarity from Government and says this will provide great relief for farmers who were worried about having to pay taxes on their land.
Deputy Sean Canney told Midwest Radio's Alannah Nolan that it's unclear whether another law may have to be written to enforce this, but farmed land won't be taxed at a residential rate....