Taxes Consolidation Act 1997 section 324

Double rent allowance in respect of rent paid for certain business premises

Section 324 provided a double rent allowance, as a deduction in computing the profits of a trade or profession, for rent paid on qualifying business premises situated in the Custom House Docks Area in Dublin.

• The relief gave a deduction equal to twice the rent paid on qualifying premises let under a qualifying lease.
• The lease had to be granted in the specified period of 25 January 1988 to 24 January 1999, or within the 2 years following.
• Relief was available for a maximum of 10 years in respect of any one premises, with all prior periods of qualifying letting aggregated.
• The relief was subject to an overriding termination date of 31 December 2008, and was further restricted in respect of rent payable from 3 December 1998 onwards.