Taxes Consolidation Act 1997 section 372AQ

Qualifying expenditure: owner occupiers

Section 372AQ defines qualifying expenditure for owner-occupier tax relief on residential premises in designated areas, including the types of work covered and the requirement to deduct any grants received.

• Qualifying expenditure covers the cost of constructing, converting or refurbishing a qualifying premises that the individual first uses as his or her sole or main residence, reduced by any grants received from the State or a public or local authority.
• Where the qualifying premises is located wholly within a qualifying town area, the cost of refurbishing the building's facade also qualifies.
• Special restrictions apply to the Living over the Shop scheme (only "necessary construction" qualifies) and the Park and Ride scheme (only construction qualifies — conversion and refurbishment are excluded).
• Site development costs, such as demolition, earth moving, access roads and installation of water, sewerage and electrical systems, are treated as part of qualifying expenditure.