Press Release
Limerick Chamber has today (6th May 2015) called on individuals and companies to examine the opportunities the Living City Initiative brings as a tax effective means to live and/or invest in Limerick City.
Speaking about the scheme recently launched by the Department of Finance, Limerick Chamber CEO Dr. James Ring said “The Living City Initiative is something which Limerick Chamber has lobbied for and consulted on, over the past number of years. We welcome the dual residential and commercial elements of the scheme, and now call on individuals and companies to explore the opportunities this scheme brings – it is very tax effective investment and is a valuable means to regenerate and reinvigorate our city centre.
“The commercial element of the initiative provides for capital allowances over a seven year period with a tax relief of up to €200,000 available for any individual project; while the residential element provides an income tax deduction over a 10 year period.
Limerick has a unique and significant stock of historical buildings and this scheme is a unique tax effective way to return these assets to 21st century uses. This initiative is an urban regeneration incentive and an opportunity to bring life back into the heart of our city” concluded Dr. Ring.
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For more information contact Edwina Gore, Limerick Chamber
m |083 4588466
For more information about the scheme, click here
About Limerick Chamber
Limerick Chamber is the leading business organisation in the Midwest region supporting and representing the interests of over 450 businesses. It is an affiliate of Chambers Ireland – Ireland’s largest business network creating the best environment for members locally, regionally and nationally.
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