As Regional Tourism Authority for the Shannon Region, Shannon Development strongly supports the introduction of Mid-Shannon Corridor Tourism Infrastructure Investment Scheme. The River Shannon is one of Ireland’s foremost assets in terms of water-based tourism and the Scheme will provide tax relief for balanced and sustainable tourism developments along its banks. The Company is confident therefore that the Scheme will further spread the economic benefits of tourism into the very heart of Ireland.
The Scheme allows for tax relief by way of accelerated capital allowances over 7 years for qualifying construction and refurbishment expenditure. The types of qualifying tourism facility and the relevant qualifying locations are available in an information booklet which summarises the main elements of the Scheme. This brochure can be downloaded by clicking on the following hyperlink:
Mid-Shannon Scheme Brochure
The full guidelines for the Scheme, as issued by the Minister for Arts, Sport and Tourism, in consultation with the Minister for Finance, is available by clicking on the following hyperlink:
MSC Tourism Investment Scheme Guidelines
For further information on the qualifying geographical areas, please click the following:
Please follow this link for a list of Frequently Asked Questions regarding the Scheme and a document detailing the Application Guidelines is also available to download
An extension to the Mid-Shannon Scheme was provided in the Finance Act 2009. The deadline for receipt of applications for approval in principle is now 31 May 2010. The period within which expenditure must be incurred for capital allowance purposes has also been extended, and will now end on 31 May 2013.
For any queries in relation to the Mid Shannon Tourism Investment Scheme please contact:
Ruairi Deane, |