Section 23 scheme makes all-round financial sense

THERE’S a bit of sound financial engineering behind a Kerry-based Section 23 scheme being launched this weekend — its developer heads up the prominent business Fexco.

Brian McCarthy, principal of the successful Killorglin-based financial services company Fexco one of the town's main employers is behind the Iveragh Road, Killorglin scheme of 20 units through his company Laune Properties.

Builder David Griffin has delivered five four-bed houses and 15 apartments, coming with attractive 85% capital allowances under Section 23 terms.