S.L. 123.112 Art. 4Deduction.

(1) Where a qualifying person incurs expenditure in accordance with the provisions of rule 3, a deduction equivalent to three hundred per cent (300%) of the cost incurred with respect to each pharmacy outlet shall be allowed against the said person’s income chargeable to tax for the relative year of assessment: Provided that where the cost referred to in this rule was incurred prior to the year preceding the year of assessment 2010, the said deduction shall be availed of in the year of assessment 2010.

(2) The total deduction claimed under these rules as aforesaid in respect of each pharmacy outlet shall not exceed twelve thousand euro (€12,000).

(3) No deduction under this rule may be claimed in respect of any expenditure incurred after the 31st December, 2015.