FOR HELP WITH SIMILAR PROJECTS...
Similar buildings in the designated Special Regeneration Area may qualify for the Living City Initiative (LCI).
This is a tax-incentive scheme designed to encourage people to live in the historic inner-city areas of Dublin. It allows owners and investors to claim tax relief for money spent on refurbishment and/or conversion of residential property. The scheme was recently extended to December 31, 2022.
The designated Special Regeneration Area to which the LCI applies can be viewed on a map on Dublin City Council’s website, dublincity.ie.
The LCI also focuses on the regeneration of retail and commercial districts by allowing owners to claim an accelerated capital allowance on money spent on refurbishment and/or conversion of commercial property.
The LCI aims to incentivise owners or investors to carry out refurbishment and/ or conversion works to upgrade existing accommodation and bring derelict or disused properties back into use. Examples include bringing vacant floors above a shop into residential/office use or carrying out refurbishment work to private homes.
The LCI applies to houses, apartments, shops or any other kind of structure and can include all or part of a property.
The LCI Unit of Dublin City Council has set up a free ‘One Stop Shop’ Advisory Team with experts on planning, architecture, fire prevention and conservation available to meet in relation to proposed refurbishments and conversion works before they begin.
■ Contact livingcityinitiative@dublincity.ie