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Councillors cast doubt on "unworkable" new residential land zoned tax

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Councillors cast doubt on "unworkable" new residential land zoned tax

Galway Bay fm newsroom - Councillors are casting doubt on what's being billed an "unworkable" new residential land zoned tax set to be introduced next year.

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The new national tax aims to increase housing supply, by encouraging landowners to sell or use serviced lands zoned by planners for residential development.

The annual tax rate will be 3 percent of the land's market value.

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The Government has faced fierce criticism over the potential impact on farmers, who are working zoned land near towns and cities - with no intention of selling.

Ballinasloe Councillor Tim Broderick says communication has also been very poor.

Councillors cast doubt on "unworkable" new residential land zoned tax

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