'We are coming to tax you': Varadkar's message to land hoarders

The new tax, to be charged at a rate of 3%, is expected to apply to roughly 50% of all zoned and serviced land currently available - or roughly 8,000 acres, Leo Varadkar said.

The Tanaiste has said that a new Zoned Land Tax introduced in Budget 2022 sends a clear message that “we are coming to tax you” to developers who fail to build on land with planning permission.

The new tax, to be charged at a rate of 3%, is expected to apply to roughly 50% of all zoned and serviced land currently available - or roughly 8,000 acres, Leo Varadkar said.