IFA calls for farmland to be permanently exempt from Residential Zoned Land Tax

The IFA cited the example of an average-sized suckler farm with seven acres of zoned land which could have an annual RZLT bill not much less than its income

Residential Zoned Land Tax (RZLT) is an annual tax, calculated at a rate of 3% of the market value of the land within its scope.

The IFA have called for all actively farmed lands to be removed from the scope of the Residential Zoned Land Tax (RZLT), but Tánaiste and finance minister Simon Harris seemed to hold out little possibility of this in a recent statement.

He said there are a number of RZLT exemptions, deferrals and abatements, subject to relevant criteria being met, but no specific exemption for farms. “It should be noted that as much as possible, it is important to treat all landowners in a similar way in relation to the application of RZLT," he said.