Capital gains tax waiver and grant changes ‘would encourage conversion of the units into accommodation’
The Hardware Association of Ireland (HAI) proposes converting up to 40,000 retail premises into homes through incentives: a temporary capital gains tax (CGT) waiver on sales could yield 20,000 conversions, and extending the vacant property refurbishment grant could yield another 20,000. A survey shows strong support for the CGT waiver and identifies potential for residential conversion in many areas. DublinTown supports the HAI initiative, highlighting its potential to create homes and boost local economies.
