section 23 relief

L

limericklady

Guest
Quick question, are there any implications, tax or otherwise, in buying a section 23 designated apartment to live in as an owner-occupier for a ftb?

Thanks!
 
Welcome to AAM, limericklady. This earlier thread may be of interest, although it doesn't directly answer your question about an owner-occupier purchase. See also this [broken link removed] (.pdf format)
 
The first few paragraphs of the Revenue Guide spell out the owner occupier implications-you cannot avail of S.23 relief if you occupy the apartment as far as I can see.

It's also worth pointing out that the benefit of S.23 relief is generally perceived to be priced into buildings designated as such, i.e. if it wasn't a S.23 building it would cost less to buy.
 
Owner occupier relief is available on properties that would otherwise qualify for s23 rented residential relief.

From the revenue leaflet

So it can apply (although maybe not strictly called s23 relief) but restrictions may apply.

reading leaflet further myself as I speak.​
 
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