Temple Bar
03/08/1993
Query
Where retail units are contained in a development which incorporates a multi-storey car-park, are the retail units treated as part of the multi-storey car-park and accordingly qualify for capital allowances at the same rate as the car-park.
Decision
No. The retail units must be looked at in their own right and will qualify at the rate appropriate to them.
Income Tax
Section 332, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT933038
05/05/1994
Query
If in the course of 'refurbishment' of a building in Temple Bar an extention is built on to part of the building will the expenditure on the addition qualify as 'refurbishment'?
Decision
No. Such expenditure is not considered to be carried on the repair or restoration of the building, rather it is considered to be new construction.
Income Tax
Section 330, Taxes Consolidation Act, 1997
Origin: RLS Division
File ref:IT943030