Home Renovation Incentive Scheme
What is the Home Renovation Incentive Scheme (HRI) ?
The HRI is a new revenue scheme which enable homeowners to claim tax relief on repairs, renovations or improvement work that is carried out on their homes by tax compliant contractors and is subject to 13.5% VAT.
The HRI will be paid in the form of a tax credit at 13.5% of qualifying expenditure, which can be set against your income tax over 2 years. In general, qualifying work must be done between 25 October 2013 & 31st December 2015.
For further information: Home Renovation Incentive Guide for Homeowners