Owner Occupier Tax relief

[practitioner]

WE are considering buying a primary residence in an area that qualifies us to the above.We are taxed at the 42% rate. The construction costs are c. 250,000 Euro. What will this reduce our tax bill by each year for 10 years? Furthermore, what is the difference between owner occupier relief and section 23 relief? Also, if we move within the 10 year period, are we liable to pay back the relief or does it just mean that the new purchser continues where we left off and gets the balance of 10 years tax relief? Thanks.

 

[irishlinks]

I think you don't pay back the relief if you sell - but the next buyer can't get it.
All you need is on this revenue leaflet