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Residential Zoned Land Tax
The first liability date for Residential Zoned Land Tax (RZLT) has been deferred to 1 February 2025.
The Conveyancing Committee wishes to advise practitioners that it was announced in Budget 2024 that the RZLT be deferred by one year.
RZLT was due to take effect from 1 February 2024. This deferral means that the first liability date will instead be 1 February 2025.
Should a practitioner be instructed in the purchase or sale of lands that may be serviced and zoned for residential development then the practitioner should advise their client accordingly.
