Taxes Consolidation Act 1997 section 372B

Qualifying areas

Section 372B gives the Minister for Finance the power to designate, by ministerial order, qualifying areas for the urban renewal tax reliefs and to fix the terms on which those reliefs operate within each area.

• The Minister for Finance designates qualifying areas by order, acting on the recommendation of the Minister for the Environment and Local Government.
• Each order is based on an Integrated Area Plan submitted by a local authority and identifies which reliefs (commercial or residential) apply in the area.
• The qualifying period must start on or after 1 August 1998 and end no later than 31 December 2002, 31 December 2006 or 31 July 2008, depending on which extension conditions are met.
• Orders may distinguish between categories of commercial building, may restrict relief to facades only, and must be laid before Dáil Éireann.