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Dublin City Council requests ‘Living City’ tax relief to include offices

DUBLIN City Council (DCC) has requested an extension of the proposed Living City tax relief initiative to include offices in its submission to the Minister for Finance.

All six city councils including Cork, Limerick, Kilkenny, Galway and Waterford have submitted proposals which include the areas of their inner cities where pre-1915 buildings could qualify for the tax reliefs.
DCC proposes to confine the scheme to four areas of the city between the canals.  Some might argue that the prices for properties in Merrion and Fitzwilliam Squares, which have sold for up to €2m in recent times, suggest that these squares don’t need tax incentives. Nevertheless DCC points out that older office properties in the area have recently been losing occupiers to modern offices in areas such as the Docklands.