The Capel Building
The Capel Building

Tax Incentives - Invest in the future

Summary

  • Tax incentives available on all units purchased
  • Minimum of 13 years required to offset income tax liabilities against qualifying expenditure
  • Finance packages pre-arranged with a number of financial institutions
Tax incentives in action -
An example per 1,000 euro invested
Investment in The Capel Building € 1,000.00
Qualifying expenditure @ 75%€ 750.00 
Tax saving €750 @ 47% € 352.50
  _________
Net cost of investment € 647.50

Because it is located in the HARP area, all units purchased at The Capel Building - whether office or retail - entitle the purchaser to avail of tax incentives under the Urban Renewal Tax Incentive Scheme.

These incentives fall into two categories, depending on the status of the purchaser. For investors, be they a company or an individual, qualifying expenditure can be offset against all rental income received.

For owner occupiers operating a business within the property acquired, qualifying expenditure is available for offset against all income, both earned and unearned.

A maximum of 50% of the qualifying expenditure can be offset in the first year, and the remainder can be used at a rate of 4% per annum. Alternatively, an average rate of 7.7% per annum can be applied for the term agreed.

In addition, any interest arising on borrowings used to finance the purchase of the property are available as a tax deduction against qualifying income.

Fast-track your application by availing of our pre-arranged finance packages with Irish Nationwide Building Society, Bank of Ireland and AIB Bank.