Enhanced deduction for eligible construction expenditure
How to claim the relief
A relevant person can claim the enhanced deduction within 12 months of the end of the relevant accounting period that the claim relates to.
The relevant accounting period is the period when the relevant Certificate of Compliance on Completion of a completed development is submitted to the relevant local authority.
The claim should be made through the filing of the Form CT1 for that accounting period. When doing so, you will be required to provide:
- details of the eligible expenditure incurred in respect of the completed development
- the number of apartments in the completed development
- and
- such other information as the Revenue Commissioners may reasonably require.
Next: Calculating the enhanced deduction