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Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist - Galway Ireland

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Starting a new business - Start your own business - Oliver Niland Chartered Accountant  & Tax Specialist Galway Ireland

Property Tax Relief

Property Tax Relief

Living City Initiative Relief

The Living City Initiative (LCI) is a tax incentive scheme for Special Regeneration Areas (SRA) in:

  1. Cork
  2. Dublin
  3. Galway
  4. Kilkenny
  5. Limerick
  6. Waterford.

You can claim tax relief for money you spend on refurbishing or converting residential or commercial properties.

There are three types of relief available under the LCI:

  1. Owner-Occupier Residential Relief.
  2. Rented Residential (landlord) Relief.
  3. Commercial Relief.

There are different conditions for claiming relief, depending on whether you refurbish or convert a property for residential or commercial use.

The scheme will end for all reliefs on 4 May 2020. Only refurbishment and conversion work that is carried out during this time will qualify for relief.

Subject to qualifying conditions

Any queries on the above give me a call on 091 763817 or email me at oliver@taxreturnhelp.ie

 

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