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Tax Reliefs Eligibility

Dáil Éireann Debate, Wednesday - 9 July 2014

Wednesday, 9 July 2014

Questions (57)

Niall Collins

Question:

57. Deputy Niall Collins asked the Minister for Finance the status of a scheme he announced in a previous budget whereby persons who invest into certain Georgian type properties in Limerick would receive a tax relief-refund; when the scheme will commence; the details of the scheme; if it will apply to properties in both the city and county; and if he will make a statement on the matter. [30055/14]

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Written answers

Officials from my Department have held preliminary discussions with the relevant local authorities to identify the areas of the six cities, Cork, Dublin, Galway, Kilkenny, Limerick and Waterford, which might fall within the scope of the scheme. Each of the local authorities has now submitted proposals on the areas which they believe should be included. Further discussions will be held in due course.

An application for EU State Aid approval has been submitted and my officials are in contact with officials from the European Commission.

The Initiative cannot be implemented until EU State Aid approval has been received. Similarly, I will not be announcing the areas to be designated until this approval has been received and the initiative is to be commenced. 

It is important to note that I do not see this as a wide-spread initiative, as it is targeted at those areas which are most in need of attention.

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