Dáil Éireann Debate, Tuesday - 1 April 2025
338. Deputy Mattie McGrath asked the Minister for Finance to provide a complete listing of buildings approved that are availing of the section 482 of the Taxes Consolidation Act 1997; the frequency with which this list is updated; and if he will make a statement on the matter. [15716/25]
View answer339. Deputy Mattie McGrath asked the Minister for Finance whether a property, that has once availed of the section 482 of the Taxes Consolidation Act 1997 for historical buildings (details supplied), has to reapply if their name is no longer listed on the current list; the process for doing so; and if he will make a statement on the matter. [15717/25]
View answerI propose to take Questions Nos. 338 and 339 together.
Section 482 of the Taxes Consolidation Act 1997 was introduced for the purpose of assisting the preservation of our built heritage, by giving tax relief to the owners or occupiers of significant buildings or gardens on the expenditure incurred by them on the repair, maintenance and restoration of those properties.
This scheme applies to an approved building, an approved garden existing independently, or an approved object contained within the house or garden, to which reasonable access is afforded to the public or where the building is a guest house approved by Fáilte Ireland.
A building or garden must receive a determination from the Minster for Housing, Local Government and Heritage that it is a building or garden which is intrinsically of significant horticultural, scientific, historical, architectural or aesthetic interest, before it can qualify for tax relief. In addition, to qualify, a determination must have been issued by Revenue that reasonable access to the building or garden is afforded to the public.
Revenue publishes a list of properties that have received determinations under section 482 in the first quarter of each year. This list is available on the Revenue website at: www.revenue.ie/en/personal-tax-credits-reliefs-and-exemptions/documents/section-482-heritage-properties.pdf.
Revenue issues an annual registration form at the end of each year in respect of every property appearing on the published list, to establish whether the conditions required for reasonable access continue to be met.
Guidance on how to make applications in respect of section 482 relief to the Minister for Housing, Local Government and Heritage, and Revenue, including in relation to a property that is not currently on the published list, is available on the Revenue website at: www.revenue.ie/en/tax-professionals/tdm-wm/income-tax-capital-gains-tax-corporation-tax/part-15/15-02-01.pdf.
