How is RZLT charged and paid

Residential Zoned Land Tax (RZLT) will be charged and levied annually on the liability date, being 1 February in that year.

If your land meets the relevant criteria on 1 January 2022, you will be charged RZLT on 1 February 2025.

Where land first meets the relevant criteria after 1 January 2022, RZLT may be charged in the third year after the year in which it met the criteria. As such, land that first met the criteria in the course of 2022 will first be liable to the tax on 1 February 2025.

Where land meets the criteria after 1 January 2022, the date it met the relevant criteria is specified on the annually revised map. If no date is featured, the local authority considered your land to have satisfied the criteria for inclusion on the map on 1 January 2022.

If there is no date featured in respect of your relevant site on the annually revised map

• your land satisfied the criteria for inclusion on the map on 1 January 2022.
  

The charge to RZLT

RZLT is due for payment on or before the 23 May following the liability date to which the payment relates.

The rate of RZLT is three per cent of the market value of the relevant site.

There may be more than one owner in relation to a site on or before the return date. However, only one return is required to be prepared and delivered by the ‘designated liable person’.

The owners:

• may nominate, by joint election, one of the owners as the ‘designated liable person’
• and
• shall be jointly and separately liable for the RZLT payable in respect of the relevant site.

As the 'designated liable person', you are responsible for ensuring the obligations to RZLT are met. This includes:

• filing returns 
• and
• making payments of tax on behalf of all joint owners.