Lis Cara, a new development of townhouses close to the main street of Carrick-on-Shannon, Co Leitrim, offers section 23-type tax relief to both owner-occupiers and investors under the rural renewal scheme; tax relief is allowable against 94 per cent of the purchase price.

There are 39 two and three-bedroom townhouses in the scheme, with prices ranging from £99,000 (125,704) to £112,000 (142,210).

Investors qualify for tax relief on rental income, and interest relief is also available on these properties, with a number of conditions attached. Owner-occupiers in Lis Cara will receive an additional tax-free allowance for 10 years. There are 25 three-bedroom townhouses at Lis Cara, and 14 two-bedroom townhouses.

The first phase of Lis Cara will be completed before December 31, in order to qualify for this tax year.