Landowners to find out if they owe new 3% market value tax 

Minister of Housing, Local Government and Heritage Darragh O’Brien says: “It’s estimated that only one-sixth of residentially zoned land is activated for housing during a local authority’s six-year Development Plan period."

More landowners will find out today if they are subject to a new zoned-land tax which the Government claims is an “important component” of boosting housing supply.

The 3% tax isn’t aimed at raising revenue, but to act as an incentive to activate land that could be used for housing, according to ministers.