Living City Initiative
Living City Initiative closing date is extended to December 2022.
The Living City initiative (LCI) is a tax incentive scheme to assist and encourage people to live in the historic inner city areas of Dublin city. It allows owners and investors to claim tax relief for money spent on refurbishment and/or conversion of residential property - either as income tax relief (for owner-occupied residential) or capital allowance (for rented residential) in Dublin, Cork, Limerick, Galway, Waterford and Kilkenny. By enabling owners to claim an accelerated capital allowance on money spent on refurbishment and/or conversion of commercial property, the scheme also encourages the regeneration of retail and commercial districts. The exact locations are available to view on the Special Regeneration Area Map.
The LCI aims to incentivise owners/investors to carry out the necessary refurbishment and/or conversion works to upgrade existing accommodation or bring derelict/disused properties back into use. Examples include bringing vacant upper floors above a shop into residential/office use or carrying out refurbishment work to one’s own home. The minimum cost of works that is required for qualification for the scheme is now only €5,000. A property in the scheme can be a house, apartment, shop or any kind of structure and can include all or part of a property.
Does my property qualify?
In order to qualify for the scheme, a residential property must:
- Have been built before 1915 (this condition does not apply to commercial properties)
- Be located within the designated ‘Special Regeneration Area’ (SRA)
- Cost of the works undertaken are for a minimum of €5,000, no maximum amount; (capped at €200,000 relief available for commercial element)
- Works are for refurbishment and/or conversion of the property
- Works are undertaken before 31st December 2022 and commenced after 5th May 2015 for owner-occupier residential relief and retail commercial relief or 1st January 2017 for rented residential relief
- Works meet the qualifying expenditure criteria
- Works comply with all statutory and planning development requirements such as planning regulations and building regulations
- Conditions for immediate occupation of the property (after works are completed) have been met
What can I claim?
There are three types of tax relief available and the qualifying periods are as follows;
- Owner-occupier residential relief commenced on 5th May 2015
- Commercial Relief also commenced on 5th May 2015
- Rented residential relief commenced on 1st January 2017
The scheme for all reliefs will end on 31st December 2022. Only refurbishment and/or conversion work carried out during the above timeframes will qualify for relief. Further information from the Revenue Commissioners, including a tax and duty manual can be accessed here.
How do I apply?
An online application form for the LCI is available by clicking here. Postal applications are also accepted. Should you have a query regarding your eligibility to apply, please email [email protected]
Commercial relief is applied for directly through the Revenue Commissioners and further information can be obtained from the Revenue.ie website.
What help is available?
A free Advisory Team from Planning, Architects, Fire prevention, Building Control, Conservation, Valuers and other relevant Departments is available to meet with you and can assist with a query that you may have in relation to the planning process, compliance with regulations or fire safety requirements. Please forward your query to [email protected]
The Living City Initiative unit of Dublin City Council has produced a guide to the LCI tax incentive scheme to help owners and investors to access the scheme and encourage the re-use of buildings in the designated Strategic SRA in Dublin.
Living City Initiative (LCI) Unit
Dublin City Council
Planning & Property Development Department
Block 4, Floor 3
Civic Office, Wood Quay