Taxes Consolidation Act 1997 Schedule 32 paragraph 12

Urban Renewal Scheme, 1986— Allowances to Owner-Occupiers in Relation to Certain Residential Premises in Designated Areas other than the Custom House Docks Area

Paragraph 12 of Schedule 32 preserved the entitlement of owner-occupiers to claim deductions for capital expenditure on the construction or refurbishment of residential premises in designated areas, other than the Custom House Docks Area, under the Urban Renewal Scheme, 1986.

• Preserved the income tax deduction originally available under section 44 of the Finance Act 1986, as it applied to designated areas other than the Custom House Docks Area.
• Applied to owner-occupiers who incurred qualifying capital expenditure on the construction or refurbishment of a dwelling house situated in a designated area.
• The qualifying expenditure had to be incurred in the period from 23 October 1985 to 31 July 1994.
• TCA 1997 applied with any modifications necessary to give effect to the preserved entitlement.