New residential zoned land tax to apply to farm land
The Government estimates the residential zoned land tax will affect approximately 8,000 to 9,000 hectares - including farmland. Picture: Christopher Furlong/Getty Images)
In 2024, owners of agricultural land zoned for residential purposes will have to pay the new annual residential zoned land tax, build homes on the land, or change its zoning status.
The new tax to “activate” vacant lands for residential purposes was one of the main actions announced in the ‘Housing for All’ policy in September. It is intended to replace the Vacant Site Levy.
