Thursday, 2 December 2021
Department of Finance
27. To ask the Minister for Finance the areas which have been included within the living cities designation; the volume of works undertaken; and the value of tax refunds granted in each case. [59577/21]
The Living City Initiative (LCI) (provided for in Finance Act 2013 and commenced on 5 May 2015) is a tax incentive aimed at the regeneration of the historic inner cities of Dublin, Cork, Galway, Kilkenny, Limerick and Waterford. The scheme provides income or corporation tax relief for qualifying expenditure incurred in refurbishing/converting qualifying buildings which are located within pre-determined 'Special Regeneration Areas' (SRAs).
I am advised by Revenue that the available information in respect of the Living City Initiative is the number of claimants (rather than number of properties) and the tax foregone. Revenue also advise me that information in respect of 2019 is not yet available, nor can Revenue provide a breakdown by location.
Relevant information is published on the Revenue website for all years up to 2018 at the following link:
Using the data provided at the above link, the average value of claims for each may be calculated as per the relevant column of the table below.
|Year||Amount claimed (€)||No. of claimants||Average claim (€)*|
*figures rounded to the nearest €100.
The following are links to maps of the special regeneration areas: