The Residential Zoned Land Tax (RZLT) was introduced in the Finance Act 2021. The tax is an annual tax calculated at a rate of 3 per cent of the market value of land. The developer says the board, in considering whether to apply for RZLT, took into account the relevant infrastructure and servicing of the site and its suitability for residential development. The board also found residential development on the site would be contrary to the Fingal Development Plan, it says. It says the planning refusal is invalidated by the board’s failure to have regard to its earlier tax decision and by its misinterpretation of the Fingal Development Plan.

Source: The Herald November 06, 2024 19:29 UTC