What you need to do

Check if you are liable for RZLT

RZLT is payable by the 'owner' of the 'relevant site' on the liability date, who is known as the ‘liable person’.

Land within the scope of RZLT may have a wide range of owners including individuals, companies, trusts, funds and partnerships.

An 'owner' is defined as:

• the registered, or deemed registered, owner under the Registration of Title Act 1964
• where land is unregistered, a person, other than a mortgagee not in possession, who is entitled to receive the rack rent of the land, or would be so entitled if the land was so let, whether in his or her own right, or as trustee or agent or for any other person
• or
• any other person whose interest in the land entitles them to develop the land.

Where your site has more than one owner, you must nominate one of the owners as the 'Designated Liable Person'. This Designated Liable Person will then fulfil all of the tax obligations in relation to that site on behalf of all joint owners.

The 'Designated Liable Person' is responsible for ensuring the obligations to RZLT are met, such as:

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

When is RZLT chargeable and due for payment?

For land that met the RZLT criteria on 1 January 2022, or in the course of 2022, RZLT will be:

• charged on 1 February 2025
• and
• the annual return and payment is due on or before 23 May 2025.

For land that met the RZLT criteria after 1 January 2022, RZLT will be charged on 1 February in the third year after the year it comes within scope.

As such, land which met the relevant criteria in the course of 2022 will first be liable to the tax on 1 February 2025.

Next: Check if you should register for RZLT