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Taxes Consolidation Act, 1997 (Number 39 of 1997)

This section has been repealed.

Repealed by FA02 s24(3)(k).


Income Tax and Corporation Tax: Deduction for Expenditure on Refurbishment of Certain Residential Accomodation



380GInterpretation (Part 11B).

In this Part—

house” includes any building or part of a building used or suitable for use as a dwelling and any outoffice, yard, garden or other land appurtenant to or usually enjoyed with that building or part of a building;

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

market value”, in relation to a house, means the price which the unencumbered fee simple of the 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 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 house is constructed;

qualifying period” means the period commencing on 6 April 2001;

refurbishment”, in relation to a house, means any work of construction, reconstruction, repair or renewal, including the provision or improvement of water, sewerage or heating facilities, carried out in the course of the repair or restoration, or maintenance in the nature of repair or restoration, of the house or for the purposes of compliance with the requirements of the Housing (Standards for Rented Houses) Regulations, 1993 (S.I. No. 147 of 1993).





Inserted by FA01 s63.



Repealed by FA02 s24(3)(k).