There are no tax incentives currently available to refurbish single dwelling buildings which will be converted into flats in that part of Seán McDermott Street which is not in the designated area.
However, if the converted flats were leased to tenants, non-capital expenditure incurred wholly and exclusively by a landlord in the maintenance, repair, insurance or management of the flats would be allowed in computing the part of the rent on which the landlord would be taxable. Interest on money borrowed for the purchase, repair or improvement of the flats would also be taken into account for this purpose.