70IEligibility for BTR benefits

70I Eligibility for BTR benefits (1) Subject to subsections (2) and (3), land or part of land is eligible for the BTR benefits in a tax year if the land or part of land is used and occupied solely for an eligible BTR development on 31 December in the year immediately preceding the tax year. (2) Land or part of land is eligible for the BTR benefits— (a) for one continuous period; and (b) for no more than 30 years from the date that a BTR benefit first applies to the land. (3) Land or part of land is not eligible for the BTR benefits in a tax year if a BTR benefit has applied to the land or part of land in a previous tax year and those tax years do not fall within one continuous period of eligibility for the BTR benefits. (4) For avoidance of doubt, if an eligible BTR development has more than one occupancy date because of the expansion of the eligible BTR development, the requirements in this section apply to each part of the eligible BTR development as if they were separate eligible BTR developments. S. 70J inserted by No. 52/2021 s. 59.