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Budget 2014

"Living City" designations to be extended to Cork, Dublin, Galway and Kilkenny

The pilot scheme, which was rolled out this year in Waterford and Limerick, will be extended to the other cities in the country in 2014.

A PILOT SCHEME that encouraged families to take up residence in Limerick and Waterford Cities will be extended to Cork, Dublin, Limerick and Galway in 2014.

Michael Noonan told the Dáil that the eligibility criteria for the scheme would be extended to all buildings built prior to 1915.

The Living City Initiative is a targeted pilot tax incentive which aims, the Finance Minister said, to “assist the regeneration of retail and commercial districts”.

Under the plan, home buyers and commercial property owners can apply for tax relief on the refurbishment of historic buildings.

Noonan said that the plan was designed to “encourage families to live in the historic buildings in our city centres”.

The plan will be fully rolled out once EU state-aid approval is secured, he added.

Read: LIVEBLOG: Budget 2014 as it happens

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