Obscure tax break boosts inner city refurb rates
The Living City Initiative offers investors and owner-occupiers the chance to claim back on property expenses
Refurbishment of old properties in key city centre areas of Dublin, Cork, Galway, Limerick, Waterford and Kilkenny appears to be picking up thanks, in some part, to tax incentives available under the Living City Initiative (LCI).
Latest figures from the Revenue Commissioners show that 113 applications have been made for LCI tax relief on refurbishment works under the residential owner-occupier and rented residential section of the scheme. That means that applications in the last 17...
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