Taxes Consolidation Act 1997 section 372AH

Residential accommodation: allowance to owner-occupiers in respect of certain expenditure on construction or refurbishment

Section 372AH gave individual owner-occupiers a deduction from total income for expenditure incurred on the construction or refurbishment of a residential dwelling within a designated qualifying area.

• Relief was available to individual owner-occupiers on qualifying expenditure incurred on the construction or refurbishment of a qualifying premises within a designated qualifying area.
• The annual deduction from total income was 5 per cent of construction expenditure or 10 per cent of refurbishment expenditure, claimable in the year the expenditure was incurred and the nine subsequent years.
• The property had to be the individual's only or main residence, with a total floor area of 38 to 125 square metres for new construction, or 38 to 210 square metres for refurbishment.
• Sections 372AE to 372AI were repealed by section 24(3) Finance Act 2002 and the residential accommodation reliefs are now consolidated in Chapter 11 of Part 10.