Taxes Consolidation Act 1997 section 372AB

Qualifying areas

Section 372AB sets out how areas are designated as qualifying areas for the Town Renewal Scheme reliefs and gives the Minister for Finance power to tailor those reliefs to particular categories of expenditure and premises.

• The Minister for Finance, acting on a recommendation from the Minister for the Environment and Local Government that is based on a Town Renewal Plan prepared by the local authority, makes an order designating the qualifying area.
• The order can be selective: it can confine relief to construction, refurbishment, or facade refurbishment, and can include or exclude particular categories of commercial premises.
• The order fixes the qualifying period during which the reliefs may be accessed, subject to fixed earliest and latest dates depending on whether the relief is commercial or residential.
• Every order must be laid before Dáil Éireann, can be amended or revoked, and relief is only available where the conditions of the Town Renewal Act 2000 are also met.