Section 482 Buildings and gardens re-opening
Revenue guidance has issued on specific issues arising because of Covid19.
Section 482 of the Taxes Consolidation Act 1997 provides relief for expenditure on significant buildings and gardens that are of significant scientific, historical, architectural or aesthetic interest. One of the conditions for the relief is that reasonable access to the whole or a substantial part of the building must be afforded to the public for a period of not less than 60 days in any year.
Properties will begin to reopen when society and business opens. Revenue have recognised that in some cases, because of health and safety concerns relating to the Covid-19 pandemic, properties may not be in a position to reopen to the public. In these circumstances Revenue will not revoke any determinations up to 31 December 2020 where the public access requirement cannot be achieved in 2020.
