Revenue Note for Guidance
This section empowers the Minister for Finance, on the recommendation of the Minister for the Environment and Local Government, to designate by order certain areas to be qualifying areas for one or more of the reliefs provided for in this Chapter or in Chapter 11 of this Part. The order may, as regards these reliefs, discriminate as between various categories of commercial development, various categories of expenditure for commercial and residential reliefs and may confine relief to the refurbishment of facades only of commercial buildings. Orders will prescribe, in relation to such areas, the period in which the scheme is to operate.
(1) The Minister for Finance, on the recommendation of the Minister for the Environment and Local Government (which recommendation takes account of an Integrated Area Plan submitted by a local authority), may make an order directing that —
(1)(c) The order will specify the qualifying period for availing of the reliefs covered by the order. In relation to the business incentives under this Chapter no such period may commence before 1 August 1998, or end after—
(1)(d) In relation to the residential incentives under Chapter 11 of this Part, no such period may commence before 1 August 1998 or end after —
(2) The types of commercial premises referred to in subsection (1)(b) are specified viz. multi-storey car parks, offices, the facades of offices, other commercial buildings with only a small office content and the facades of such other buildings. An order can provide that one or more of these types of building or structure may or may not be a qualifying premises within the meaning of section 372D.
(2A) The power to make an order under subsection (1) includes the power to amend or revoke the order.
(3) Orders made designating areas as qualifying areas must be laid before Dáil Éireann in the normal way.
(4) Relief under this Chapter or Chapter 11 of this Part will be available only where the requirements of the urban renewal legislation referred to in section 372A(2) [i.e. the Urban Renewal Act 1998] are met.
Relevant Date: Finance Act 2019