Residential Zoned Land Tax Searches – An Ellis & Ellis Explainer
What are Residential Zoned Land Tax (RZLT) Searches? As part of the ‘Government’s Housing For All’ programme, a new annual tax called the Residential Zoned Land Tax (RZLT) was introduced under the Finance Act 2021, and is scheduled to come into practical effect on 1st February 2025. As part of a broader approach to tackling the prevailing housing crisis, the intended purpose of the tax was to discourage the hoarding and profiting from undeveloped yet residentially zoned land, and to concurrently stimulate the building of residential properties on said sites. As such, liability for this annually recurring tax (3% of