Written answers

Thursday, 2 December 2021

Photo of Richard BrutonRichard Bruton (Dublin Bay North, Fine Gael)
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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]

Photo of Paschal DonohoePaschal Donohoe (Dublin Central, Fine Gael)
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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:  

www.revenue.ie/en/corporate/information-about-revenue/statistics/tax-expenditures/property-reliefs.aspx .

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 (€)*
2018 500,000 27 18,500
2017 400,000 23 17,400
2016 500,000 15 33,300
2015 500,000 13 38,500

*figures rounded to the nearest €100.

The following are links to maps of the special regeneration areas:














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