Revenue has updated their Tax and Duty Manuals to include changes relating to the now terminated property incentive schemes.

The changes, contained in Part 10-00-02 of the manual, concern the introduction of a restriction in the use of accelerated capital allowances under any of the property or area-based tax incentive schemes which comes into effect in 2015 or later, and an increase in the amount of Universal Social Charge to be paid by certain individuals claiming capital allowances and Section 23 relief under these schemes, effective from 2012.