Financial Resolutions Nos. 20 to 22, inclusive, deal with the restriction and the phased abolition of property based legacy reliefs related to section 23 type reliefs on capital allowances. In the period since budget 2006, virtually all the area based and property tax incentive schemes have been terminated. Subject to transitional arrangements on projects already in the pipeline, all of the urban renewal, town renewal, rural renewal, accelerated capital allowances for hotels, capital allowances for holiday cottages, student accommodation, multistorey car parks, third level educational buildings, sports injury clinics, park and ride facilities and general rental refurbishment schemes have by now come to an end. In addition, most of the remaining property reliefs in the health and child care areas have been abolished, with similar transitional arrangements.

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