The Living City Initiative gives building owners the opportunity to receive funding for regeneration
The scheme offers a unique opportunity for owners of commercial properties in The Liberties to renew their premises

Living City Initiative: Unique Opportunity to Refurbish Buildings in The Liberties

11.12.15

Business, Life

The Government formally launched the Living City Initiative in May 2015. The scheme is divided into two elements: residential and commercial. The scheme offers a unique opportunity for owners of commercial properties in The Liberties to renew their premises, with a sizeable area of The Liberties falling into the Special Regeneration Area of the initiative.

  • The commercial element of the Living City initiative provides for capital allowances over a seven-year period in respect of qualifying expenditure incurred on the refurbishment or conversion of a property located in a Special Regeneration Area for use for the purpose of retailing goods or the provision of services within the State.
  • The amount of tax relief available under the commercial element of the initiative is effectively capped at €200,000 for any individual project.
  • The pre-1915 condition that applies to residential buildings does not apply to the commercial element and so a much wider range of buildings can be considered for the incentive.

Some FAQs in relation to the scheme can be found here.

Applications for the commercial element of the scheme are made directly to the Revenue Commissioners and further details of the scheme can be found at www.revenue.ie or by contacting Audrey Bridgeman at Revenue.

Application for the residential element of the scheme should be directed to Conservation Section, Dublin City Council,  Wood Quay, Dublin 8 and further details at www.dublincity.ie.

We would also be happy to help with any queries in relation to the scheme: stephen@libertiesdublin.ie or tel: 01 222 5180.

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