Tax relief on retrofitting expenditure

Any relief for retrofitting expenditure on rental property ?

A new relief is available for landlords of rented residential premises. The relief allows you to deduct certain expenses incurred on retrofitting such premises in calculating your rental profits.

The deduction is only available if you have received an approved retrofitting grant from the Sustainable Energy Authority of Ireland (SEAI).

You must carry out the retrofitting works between 1 January 2023 and 31 December 2025.

The relief is available for a maximum of two premises.

Can claim when:

1. Tenant is still in property when retrofitting
2. Up to date with PRTB
3. Up to date with LPT
4. Grant approved from SEAI
5. Have valid tax clearance

Can claim up to €10,000 on expenditure net of grant

Any queries on same give me a call on 091 763817 or emial me at oliver@taxreturnhelp.ie