Search Results for 'Land value tax'

Fitzpatrick & Heavey Homes, one of Ireland’s leading property development firms, has reaffirmed its commitment to landowners by pledging to fully cover the Residential Zoned Land Tax (RZLT) on any residentially zoned land it purchases. With the tax now in effect as of February 1, 2025, the company is actively seeking sites for development, particularly in Galway, as part of its expansion strategy.

Ireland’s housing shortage is well documented, and it is universally accepted that we need to dramatically increase our housing output, and quickly. Patrick Cormican of Sherry FitzGerald looks at the likely impacts of the Residential Zoned Land Tax, which is among the new measures which aim to do this.

Commenting on the recent CSO Residential Property Price Index for November, IPAV, the Institute of Professional Auctioneers & Valuers, said the slowing rate of increase in prices is in line with what auctioneers throughout the country are reporting.

“A gift to land hoarders” is how the Government's new vacant zoned land tax, announced as part of Budget 2022, has been described by a Galway city councillor.