Taxes Consolidation Act 1997 section 336

Rented residential accommodation: deduction for certain expenditure on refurbishment

Section 336 provided a "section 23-type" rental deduction for expenditure incurred on the refurbishment of certain residential buildings in the Temple Bar Area of Dublin, allowing the cost to be set against rental income from the refurbished houses.

• The relief applied where a "specified building" in the Temple Bar Area, containing two or more houses before and after refurbishment, was refurbished and the resulting houses were let under qualifying leases.
• Each house had to satisfy floor area limits (30–125 sq m for self-contained flats in a building of two or more storeys; 35–125 sq m otherwise), be used solely as a dwelling, and be covered by a certificate of reasonable cost.
• The relevant expenditure, to the extent treated under section 338(7) as incurred in the qualifying period, was deductible in computing the Case V surplus or deficiency on the rent from the qualifying premises.
• The relief was clawed back if, during the 10-year relevant period, the house ceased to be a qualifying premises, and successor lessors and purchasers of unused refurbished houses stepped into the original claimant's position subject to a price cap.