Taxes Consolidation Act 1997 section 367

Qualifying areas

Section 367 sets out how the Minister for Finance could designate qualifying areas within the Dublin Docklands for the suite of urban renewal tax reliefs in Chapter 6, and the criteria and procedural safeguards that applied.

• Minister for Finance empowered to designate qualifying areas by order after consultation with the Minister for the Environment and Local Government.
• Orders required a recommendation from the Executive Board of the Dublin Docklands Development Authority.
• Qualifying period for any designated area had to fall between 1 July 1997 and 30 June 2000.
• Scheme was never commenced and Chapter 6 was repealed by section 24(3) Finance Act 2002.