The Clare Champion Clare news, sport, entertainment and local notes
CLARITY has been sought by several councillors on the impact of the new Residential Zoned Land Tax which the Government is to introduce in 2024. At a meeting of the Council’s Rural Development committee, members expressed concern about what the new tax could mean for land owners. In a presentation on the Draft County Development Plan 2023-2029, senior planner Helen Quinn also outlined what is known about the tax. “This is a new proposal from government and has been outlined in the Finance Act (2021), which was signed in last days of December,” she said. “It means that a tax of 3% of site value (will be levied) with the aim of activating land for residential purposes. It will replace the vacant sites levy which applied to residentially zoned lands and mixed use. The new tax will be operational from February 1 2024 and will be collected by Revenue.” Ms Quinn explained that the role of the local authority is …
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