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Dáil Éireann debate -
Wednesday, 6 Oct 1993

Vol. 434 No. 2

Written Answers. - Tax Incentives for Refurbishment of Dwellings.

Seán Haughey

Question:

127 Mr. Haughey asked the Minister for Finance if any tax incentives are available to refurbish single dwelling buildings at Seán McDermott Street, Dublin 1, which will be converted into flats, and which are not in a designated area.

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.

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