S.L. 123.112 Art. 4ATax credit.

(1) Where a qualifying person incurs expenditure in accordance with the provisions of rule 3A after the 1st January,

2016, a tax credit equivalent to one hundred per cent (100%) of the cost incurred with respect to each pharmacy outlet shall be allowed against the said person’s tax charge for the relative year of assessment.

(2) The total tax credit available under these rules as aforesaid in respect of each pharmacy outlet shall not exceed fourteen thousand euro (€14,000).

(3) No tax credit under this rule may be claimed for any expenditure in respect of which a deduction has been claimed under rule 4.

(4) No tax credit under this rule may be claimed in respect of any expenditure incurred after the 31st December, 2019.