Thomas Gould
Ceist:344. Deputy Thomas Gould asked the Tánaiste and Minister for Finance the areas the Living Cities Initiative applies to; and whether this will be extended. [45788/26]
Amharc ar fhreagraTuesday, 16 June 2026
Ceisteanna (344)
Freagraí scríofa
The Living City Initiative (LCI) is a targeted measure which is aimed at areas in need of regeneration. It is provided for under sections 372AAA to 372AAE of the Taxes Consolidation Act 1997. The scheme offers income or corporation tax relief for qualifying expenditure incurred in the refurbishment and conversion of qualifying residential and commercial buildings located within ‘Special Regeneration Areas' (SRAs) since 2015 in the cities of Cork, Dublin, Galway, Kilkenny, Limerick and Waterford and since April 2026 the Regional Centres/towns of Athlone, Drogheda, Dundalk, Letterkenny and Sligo.
Budget 2026 announced a number of enhancements to the LCI, with the changes provided for in Finance Act 2025. Firstly, it has been extended to the end of 2030, and secondly, it is now available to residential properties built before 1975 (instead of 1915, as previously). Furthermore, if the work is carried out by an enterprise, the maximum relief available has been increased from €200,000 to €300,000. It was also announced that the scheme would be extended to the five Regional Centres as set out in the National Planning Framework: Athlone, Drogheda, Dundalk, Letterkenny and Sligo.
The table below contains links to the eleven of the Statutory Instruments which set out the Special Regeneration Areas of the Cities/Regional Centres that have been designated as part of the LCI.
|
City/Regional Centre |
Link to the Special Regeneration Maps |
|
Athlone |
www.irishstatutebook.ie/2026/en/si/0152.html S.I. No. 152/2026 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Athlone) Order 2026 |
|
Cork |
www.irishstatutebook.ie/2015/en/si/0182.html S.I. No. 182/2015 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Cork) Order 2015. |
|
Drogheda |
www.irishstatutebook.ie/2026/en/si/0155.html S.I. No. 155/2026 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Drogheda) Order 2026 |
|
Dublin |
www.irishstatutebook.ie/2015/en/si/0183.html S.I. No. 183/2015 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Dublin) Order 2015. |
|
Dundalk |
www.irishstatutebook.ie/2026/en/si/0153.html S.I. No. 153/2026 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Dundalk) Order 2026 |
|
Galway |
www.irishstatutebook.ie/2015/en/si/0184.html S.I. No. 184/2015 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Galway) Order 2015. |
|
Kilkenny |
www.irishstatutebook.ie/2015/en/si/0185.html S.I. No. 185/2015 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Kilkenny) Order 2015. |
|
Letterkenny |
www.irishstatutebook.ie/2026/en/si/0154.html S.I. No. 154/2026 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Letterkenny) Order 2026 |
|
Limerick |
www.irishstatutebook.ie/2015/en/si/0186.html S.I. No. 186/2015 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Limerick) Order 2015. |
|
Sligo |
www.irishstatutebook.ie/2026/en/si/0151.html S.I. No. 151/2026 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Sligo) Order 2026 |
|
Waterford |
www.irishstatutebook.ie/2015/en/si/0187.html S.I. No. 187/2015 - Taxes Consolidation Act 1997 (Living City Initiative) (Special Regeneration Area) (Waterford) Order 2015. |
In relation to any further extension to the LCI, as the Deputy will appreciate, decisions regarding taxation measures are made in the context of the annual Budget process, at the appropriate time, having regard to the sound management of the public finances and the impact any proposed changes would have on the broader housing market.
As with all taxation matters these are kept under review as part of the budgetary process.