Taxes Consolidation Act 1997 section 372AN

Eligible expenditure: lessors

Section 372AN sets out what constitutes eligible expenditure in the context of rented residential accommodation, covering construction, conversion and refurbishment costs.

• Eligible expenditure includes construction costs for a dwelling, or the necessary construction of a dwelling that fronts onto a qualifying street
• Conversion expenditure covers the cost of changing a non-dwelling building into one or more dwellings, including works of repair, renewal and installation of water, sewerage and heating facilities
• Refurbishment expenditure applies to specified buildings and special specified buildings, but excludes costs attributable to non-residential parts of a building
• Site development costs such as demolition, earth moving, laying foundations and providing utility connections are included as part of qualifying expenditure