Galway student village makes good tax shelter for investors

Sherry FitzGerald is launching the new phase of the Glasan student village in Galway city which will provide a tax shelter for investors. Prices start from £195,950. The agency sold 100 residential units with a value of £20 million when it launched the scheme last February. The Government introduced the Section 23-type concessions in last year's Finance Act to increase the supply of rental properties available to third-level students.

Investors can claim 90 per cent tax relief over a 10 year period provided the houses and apartments are made available to students during the full academic year. They may also be rented at other times of the year.