Michael Ring (Mayo, Fine Gael)
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Question 187: To ask the Minister for Finance if there are tax incentives for specific developments (details supplied); and if there are proposals to introduce such an incentive. [19743/08]

Brian Lenihan Jnr (Dublin West, Fianna Fail)
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The Finance Act 1995 introduced a scheme of tax relief in the form of capital allowances from 1 July 1995, on expenditure incurred on the construction or refurbishment of certain multi-storey car parks, where the relevant local authority certified that the car park was developed in accordance with criteria laid down by the Minister for the Environment, Heritage and Local Government. Following a major review of various property and area based tax incentive schemes the then Minister of Finance announced in Budget 2006 that most of the existing reliefs were being phased out. These included the multi-storey car park scheme, which is no longer available to new developments.