Qualifying resort areas - listed self-catering accommodation

Issue 68 of Tax Briefing contained an article on the implications for certain claimants of tax relief under the Resort Areas Incentive Scheme of Fáilte Ireland’s decision to phase out the inspection and approval of self catering accommodation for listing purposes. Revenue now understands that Fáilte Ireland has since decided to continue with its approval and listing of self-catering accommodation and has introduced a new online application and approval system for this purpose. There are a small number of properties, for example, group schemes of more than seven properties, that cannot be accommodated by the new online system and that will have to continue to be processed ‘offline’ However, as the conditions that previously had to be met by ‘listed’ self-catering accommodation to qualify for capital allowances are unchanged in the new system, the Resort Areas Incentive Scheme can continue to operate as before and the alternative arrangements that were outlined in Tax Briefing issue 68 will not apply.

Details of the new arrangements are available at www.failteireland.ie.