Taxes Consolidation Act 1997 section 372AU

Saver for relief due, and for clawback of relief given under old schemes

Section 372AU preserves entitlements to residential accommodation tax reliefs that existed under various old schemes before those schemes were repealed and consolidated into the current legislation.

• Although the original rented residential relief provisions were repealed by the Finance Act 2002, anyone who had an entitlement to a deduction or was deemed to have received rent under the old schemes retains that entitlement under the consolidated Chapter.
• The rented residential reliefs preserved relate to the Customs House Docks Area, Temple Bar Area, 1994 Designated Areas and Streets, Qualifying Resort Areas, and Designated Islands schemes.
• Similarly, although the original owner-occupier relief provisions were repealed, anyone who had an entitlement to a deduction against total income under the old schemes retains that entitlement under the consolidated Chapter.
• The owner-occupier reliefs preserved relate to the Customs House Docks Area, Temple Bar Area, 1994 Designated Areas and Streets, and Designated Islands schemes.

---