This is an Irish tax relief for owner-occupiers and landlords in relation to expenditure incurred on the conversion or refurbishment of certain properties located in defined special regeneration areas throughout Ireland in the centres of Limerick, Waterford, Cork, Galway, Dublin and Kilkenny. Finance Act 2013 extended the termination date for the Initiative to 31 December 2027.
The relevant sections of the Irish tax legislation are TCA 1997, ss 372AA–372AAD.
Residential property
The relief is provided by way of deduction from the individual's total income for the year in which the expenditure is incurred. The relief for owner occupiers is given by way of a deduction at 10% per annum over 10 years
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Web page updated on 17 Mar 2025 13:13