The brand new Residential Zoned Land Tax, imposing a tax of 3pc of the worth of undeveloped residentially zoned land, which is deemed serviced, is one other misguided effort that can in all probability sluggish new provide.
he tax turns into payable subsequent yr and never surprisingly, the draft maps displaying which lands will likely be taxed have produced a cascade of authorized submissions from landowners, which is able to bury native authority employees in paperwork.
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