TaxSource Total

Here you can access summary of the key current tax developments in Ireland, the UK and internationally as reported by Chartered Accountants Ireland

The report of key tax developments are displayed per year, per month, by Ireland, the UK or International and by report title

Guidance Leaflet on Relief for Expenditure on Approved Objects on Display in an Approved Building or Garden

Revenue has published an updated version of IT 56 leaflet which sets out the detailed rules in relation to the relief for approved objects in approved buildings and gardens.Tax relief is available to the owner/occupier of an approved building/garden in respect of expenditure incurred on the repair, maintenance and restoration of an approved object on display in the approved building/garden. The relief is provided for under section 482 of the Taxes Consolidation Act 1997.

Further details on the relief are detailed in IT 56 which is available on the Revenue website.

A separate leaflet, IT 30-Relief for Expenditure on Approved Buildings and Gardens in the State, is available in relation to approved buildings and approved gardens.