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The long hours worked on dairy farms, the better pay and employment conditions available off farm and income volatility, are some of the reasons why young people are slow to commit to dairying.
The RZLT is a 3% annual tax on land that is zoned for residential use, and suitable for developments with the aim to encourage the generation of land that could be used for housing.
A Galway farmer did not declare income tax or VAT, a Dublin farmer under-declared capital acquisition tax and a Kilkenny farmer under-declared income tax.
Following intensive lobbying on the residential zoned land tax last year, then-Minister for Finance Jack Chambers announced an exemption for landowners in Budget 2025.