Section 23 Tax Information & Featured Properties
Section 23 Tax Relief
Section 23 is a tax deductible tax relief or expense. Any rental loss created as a result of this deduction may be offset against any other Irish rental income of the tax payer in the current or subsequent periods.
Section 23 type relief provides tax relief for the capital expenditure incurred on the construction, refurbishment or converted residential rented accommodation
The relief is calculated by reference to the price paid to the property developer. the price paid for the site does not qualify for relief, therefore calculation of relief is based on a percentage of total cost.
Section 23 Properties
Library Place Retail Units, Killorglin, Co. Kerry
Library Place is a Section 23 development, ideally situated in the centre of Killorglin town on 2.9 acres site at Iveragh
Road, Killorglin, Co Kerry.
The site was designated for Town Renewal Relief and financed by tax based scheme over a 13 year period. The Four storey building of 4,780 sq/m consists of:
- Commercial space (office and retail on two floors)
- 24 Apartments (two bedroom on two floors)
- Underground car park (227 spaces)
- Civic / Open Plaza
- Playground / Public Amenity
- Public Road Access
For more information, click here to download our brochure or for more information, please contact Gary Ledwith on 066-9792274.
Library Place Apartments, Killorglin, Co. Kerry
Library Places is a Section 23 development which is ideally situated in the centre of Killorglin town and includes shops, a newly developed public playground, library and arts exhibition area and is close to all of the town's local amenities.
- 2 double bedrooms one en-suite and both with fitted wardrobes
- Oak flooring throughout
- A Washer/drier plumbed in a separate cupboard for maximum space.
- The Upper level apartments provide wonderful views of the local countryside from the private walkway which wraps around the building.
For more information, click here to download our brochure or for more information, please contact Gary Ledwith on 066-9792274.
An Tobar, Cahersiveen, Co. Kerry
An Tobar is centrally located on the Main Street of Cahersiveen town on the famous Ring of Kerry and is situated directly opposite the ancient well of Tobar na Croiche Naofa (well of the holy cross) from which it derives its name.
An Tobar is a 2000 town renewal tax based
scheme for investors and owner-occupiers.
BDO Simpson Xavier, based
in Limerick, has put in place a very attractive, structured tax
based scheme for investors incorporating a guaranteed buy-back
at the end of 10 years with a guaranteed rent of €10,000 per annum for 10 years.
For more information on the remaining apartments, click here to download our brochure or for more information, please contact Gary Ledwith on 066-9792274.
Knights Haven, Valentia, Co. Kerry
Whilst the overall design is contemporary in design, it nevertheless creates an interesting streetscape compatible with the traditional architectural character of this old cable station village.
This project was completed in January 2005 and was valued at €5m. All 19 Holiday Homes were sold to an individual investor approved by Bord Filte under the holiday cottage scheme
They are currently managed by Trident Holiday Homes
Knights Haven comprises nineteen holiday homes set in an attractively landscaped are of semi private and public spaces.
Killeen, Killorglin Co. Kerry
The development qualifies for Section 23 tax incentives for investors against all Irish rental income and for owner occupiers, valuable incentives are available on all income including PAYE.
20 units were to an individual investor under the 2000 town renewal incentive Tax Scheme and were completed in December 2003. Valued at €4m.
Killeen is an attractive architect designed development located in the centre of Killorglin, Co. Kerry and is convenient to all shops and local amenities. Each unit has two secure parking spaces and the apartments are serviced by an elevator to the 1st and 2nd floors which have balconies and patio area