Vol. 530 No. 3
212 Mr. Wall asked the Minister for the Environment and Local Government the position of an applicant for urban renewal or village renewal schemes in relation to commencement and completion dates; if the development has to be fully completed before the final date of the scheme; the acceptable criteria for his Department in this regard; and if he will make a statement on the matter. [3966/01]
Residential tax incentives for designated areas under the town renewal scheme are effective from 24 July 2000 until 23 July 2002. Approved works on the designated sites must be fully completed by 23 July 2003 to avail of the residential tax incentives. In the case of incomplete works, incentives may be applicable based on the cost of approved, actual construction work carried out during the qualifying period. The Revenue Commissioners will make the final decision in these instances.
