Enhanced deduction for eligible construction expenditure

Eligible expenditure

The enhanced deduction is available for eligible expenditure incurred on a completed development. This includes:

the construction expenditure incurred in respect of a newly built qualifying apartment block
the qualifying refurbishment expenditure incurred that has led to a material change in the use of a building or structure. The expenditure incurred on a qualifying refurbishment includes:
- the construction, reconstruction, restoration, repair, or renewal of the building or structure
- and
- upgrades to the water, sewerage, or heating facilities of the building or structure.

Expenditure may be eligible for relief if it is incurred up to the date that the relevant Certificate of Compliance on Completion is submitted.

The enhanced deduction is not available in respect of capital expenditure or ineligible expenditure.

The following costs do not qualify for relief:

financing costs
insurance costs
professional and legal fees
sales and marketing costs
taxes, duties, levies, or charges under the care and management of the Revenue Commissioners
the acquisition of, or rights in or over, any land
and
levies, fees, charges, or contributions imposed by, or under, any enactment, in respect of the completed development, including:
- development contributions
- utility connection charges
- environmental levies
- planning application fees
- building control fees
- or
- building energy rating fees.