Ireland delays RZLT implementation, excluding active farmland, for another year.

Ireland delays the implementation of Residential Zoned Land Tax (RZLT) for another year, aimed at increasing housing supply by taxing land suitable for residential use. Farmers' concerns about the tax have led to its deferral, allowing active farmland to be excluded from the tax. The new RZLT system will provide certainty for farmers and protect food production and farming livelihoods.