Tax refunds of up to €4,050 or 13.5% of the cost of the project are available on a wide range of home improvements under the new Home Renovation Incentive Scheme which ends December 2018.
The scheme allows home owners claim a credit on the tax liability of up to 13.5% of the cost of the project up to a limit of €30,000.
Projects that qualify for the scheme include:
• Painting and decorating
• Bathroom upgrades
• Fitted Kitchens
• Window replacement
• Attic conversions
• Septic tanks
You must use a qualifying contractor who is tax compliant, certain other conditions will apply.
Come along and talk to the experts from the Revenue Commissioners on their stand No.N82 about the Home Renovation Incentive Scheme and how you can save tax on your home improvement project.
First Time Buyers – Help to Buy Scheme
The Help to Buy (HTB) incentive is a scheme for first-time property buyers. If you are a first-time buyer, it will help you with the deposit you need to buy or build a new house or apartment. You must buy or build the property to live in as your home.
Full details are available on the Revenue stand No. K45
Better Energy Homes – Grants
The Better Energy Home Scheme, administered by the Sustainable Energy Authority of Ireland, provides grants of up to €6,000 to homeowners to upgrade their homes with energy efficiency measures, thus reducing energy use, costs and greenhouse gas emissions.
SEAI – The Sustainable Energy Authority of Ireland are providing advice on energy saving and home energy grants on stand Q30.
Grants for Insulation and Heating Controls are available to all owners of homes built and occupied before 2006. Grants for Heat Pump Systems and Solar Thermal are available to all owners of homes built and occupied before 2011.