Incentives and Grants
The Painting Grant Scheme: Annual funding scheme for residents and businesses to invest in building facade upgrades that improve the character of their areas.
Living City Initiative: A tax incentive for the refurbishment of historic buildings in the city centre, helping increase housing supply and tackle vacancy and dereliction.
Living City Initiative
The Living City Initiative is a tax incentive scheme focusing on the regeneration of designated Special Regeneration Areas of Cork City, to encourage people to live in the historic area of the city and regenerate residential and commercial buildings. These areas have been designated by Order of the Minister for Finance. The scheme provides for tax relief for qualifying expenditure incurred on both residential and certain commercial refurbishment and conversion work that is carried out during the qualifying period. It does not apply to "new build". There are 3 types of tax relief available under the Living City Initiative –
1. An owner/occupier residential element,
2. A rented residential element, and
3. A retail/commercial element (owner-occupier and lessor).
The owner/occupier residential and retail/commercial elements of the scheme commenced on 5 May 2015 and the rented residential element commenced on 1 January 2017. All three elements will terminate on 4 May 2020. In order to qualify for the tax relief, the expenditure on refurbishment or conversion must be incurred within the appropriate period as set out above.
Full details of the scheme can be found here: Living City Initiative Information
Examples of how the scheme can work
The following examples of how the scheme may apply to you can be found on the Revenues website (31/01/2017):
Example 1: Owner/Occupier Residential Relief
Example 2: Refurbished/Converted Property Acquired from a Builder
Example 3: Owner/Occupier Residential Use of Property
Example 4: Rented Residential Relief
Cork City Council assesses and certifies the residential element of the scheme. Applications on commercial properties are assessed and certified directly by Revenue. Full details of the scheme can be found here: Living City Initiative Information
Cork City Council can advise if the location of the property and the nature of the works meet the criteria of the scheme.
To check if your property is in a Special Regeneration Area in Cork City, please click on the Public Map Viewer.
For queries email firstname.lastname@example.org