HRI Scheme - Home Renovation Incentive Scheme
Want to to claim your VAT back? Qualifying customers can take advantage of the home renovation incentive scheme, which will run from 25 October 2013 to 31 December 2018 for homeowners and from 15 October 2014 to 31 December 2018 for landlords. The scheme provides tax relief through income tax credit at 13.5% on qualifying expenses for repair, renovation or improvement works carried out.
The works must cost a minimum of €4,405 (before VAT) per property, which will attract a credit of €595 per property. Where the cost of the works is greater than €30,000 (before VAT) per property, a maximum credit of €4,050 per property will apply.
For more information please visit: www.revenue.ie