Review: Tax Relief for Owners of Protected Structures
The Minister for Arts, Heritage, Regional, Rural and Gaeltacht Affairs, Heather Humphreys, T.D., has announced that her Department is carrying out a review of Section 482 of the Taxes Consolidation Act, 1997. The review was one of the actions proposed in 'An Action Plan for the Sustainable Future of the Irish Historic House in Private Ownership', launched by the Minister in 2015. Section 482 of the Taxes Consolidation Act, 1997 aims to help with the preservation of our built heritage by giving tax relief to the owners or occupiers of significant buildings or gardens to repair, maintain and restore such properties. A condition of the scheme is that the property is required to be open to the public for a minimum numbers of days each year, or in use as a registered guest house. The review is being undertaken by the Department of Arts, Heritage, Regional, Rural and Gaeltacht Affairs and the Department of Finance, with support from the Revenue Commissioners. Interested parties are invited to make submissions; the closing date for submissions is 24 March 2017. In relation to the scheme the Minister has noted: "This scheme offers important tax relief to owners of historic buildings, and helps to maintain our stock of heritage properties. As set out in the Historic House Action Plan, we are now carrying out a review of this scheme to consider its effectiveness and I would encourage anyone with an interest in this area to make a submission to my department."