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Home Renovation Incentive Scheme

Home Renovation Incentive Scheme

Home Renovation Incentive Scheme

The Home Renovation Incentive (HRI) is a relief from Income Tax (IT) for homeowners, landlords and local authority tenants.

You can claim the HRI Tax Credit for repairs, renovations and improvements to your home or rental property.

To be eligible for HRI:

  1. you must pay tax under Pay As You Earn (PAYE) or self-assessment
  2. your Local Property Tax (LPT) payments must be up to date (this does not apply if you are a local authority tenant)
  3. the work to your property must be carried out by HRI qualifying contractors

To qualify for the Home Renovation Incentive (HRI) Tax Credit, you must spend at least €4,405 on each qualifying property. This figure is before Value Added Tax (VAT) of 13.5% is added.

The total cost can be from one job or from a number of jobs on the property. It can also be done by one or more qualifying contractors. Any work that you claim for must be done and paid for within the allowed time period of the incentive.

Tax Return W400 - Tax Returns - Oliver Niland Chartered Accountant & Tax Specialist Galway Ireland

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