Taxes Consolidation Act 1997 section 372AAA

Interpretation (Chapter 13)

Section 372AAA defines the terms used in the Living City Initiative relief provisions in Chapter 13 of Part 10 of the Taxes Consolidation Act 1997.

• The Living City Initiative provides property tax incentives for refurbishment of buildings in designated "special regeneration areas" (SRAs) in Cork, Dublin, Galway, Kilkenny, Limerick and Waterford.
• The "qualifying period" runs from 5 May 2015 to 31 December 2030; a "relevant house" is a building constructed before 1975 (before 1915 for expenditure incurred before 1 January 2026).
• "Refurbishment" means any work of construction, reconstruction, repair or renewal — including water, sewerage or heating works — carried out in the course of repair, restoration or maintenance in the nature of repair or restoration of the building.
• The scheme is subject to EU de minimis State aid rules, capping relief at €300,000 to a single undertaking over any rolling 3-year period under Commission Regulation (EU) 2023/2831.

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