Under the heading of section 23 type relief, the following changes are being introduced with immediate effect. The current rules require that to avail of the relief the property must be let under a qualifying lease for the first ten years. From 1 January 2011 any relief which is not used in the ten year period will be automatically lost. Properties which have already passed the ten year deadline will not be allowed to carry unused relief forward in 2011 while all other properties will lose it once the ten year deadline has been reached.

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