This scheme applies to property situated within an urban conservation area, as confirmed by a certificate from the Planning Authority and by any further evidence that the Commissioner may request. The benefit is an exemption from income tax and from stamp duty on the first €750,000. When the transfer value is higher than €750,000, the excess is taxed at the normal rates.

This tax benefit applies to transfers that are made on or after 12 October 2021 but not later than 31 December 2024. This does not apply to transfers of property to persons who require an AIP permit.