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Taxes Consolidation Act, 1997 (Number 39 of 1997)

This section has been repealed.

Repealed by FA02 s24(3)(j).


Income Tax and Corporation Tax: Deduction for Expenditure on Construction, Conversion and Refurbishment of Certain Residential Accommodation for Certain Students



380A Interpretation (Part 11A).

In this Part—

lease”, “lessee”, “lessor”, “premium” and “rent” have the same meanings respectively as in Chapter 8 of Part 4;

market value”, in relation to a building, structure or house, means the price which the unencumbered fee simple of the building, structure or house would fetch if sold in the open market in such manner and subject to such conditions as might reasonably be calculated to obtain for the vendor the best price for the building, structure or house, less the part of that price which would be attributable to the acquisition of, or of rights in or over, the land on which the building, structure or house is constructed;

qualifying area” means an area or areas specified as a qualifying area in the relevant guidelines;

qualifying period” means, the period commencing on the 1st day of April, 1999, and ending on the 31st day of March, 2003;

the relevant guidelines” means guidelines issued for the purposes of this Part by the Minister for Education and Science in consultation with the Minister for the Environment and Local Government and with the consent of the Minister for Finance and, without prejudice to the generality of the foregoing, such guidelines may include provisions in relation to all or any one or more of the following—

(i) the design and the construction of, conversion into, or refurbishment of, houses,

(ii) the total floor area and dimensions of rooms within houses, measured in such manner as may be determined by the Minister for the Environment and Local Government,

(iii) the provision of ancillary facilities and amenities in relation to houses,

(iv) the granting of certificates of reasonable cost,

(v) the designation of qualifying areas,

(vi) the terms and conditions relating to qualifying leases, and

(vii) the educational institutions and the students attending those institutions for whom the accommodation is provided.





Inserted by FA99 s50.



Repealed by FA02 s24(3)(j).