Attention Republic of Ireland Customers! Reclaim the VAT on your Hi-Tech Steel Building under the Home Renovation Incentive Scheme introduced by the Irish Government in Budget 2014.
The scheme is effective from 25th October 2013 and will expire on 31st December 2015.
The Home Renovation Incentive (HRI) Scheme provides tax relief for homeowners by way of an Income Tax credit at 13.5% of qualifying expenditure on home repair, renovation or improvement.
The addition of a shed, garage or garden room is classed as a renovation and entitles you to the incentive.
The credit will be calculated at 13.5% on qualifying expenditure between €4,405 and €30,000. Where the cost of the work exceeds €30,000 (exclusive of VAT), a maximum credit of €4,050 will apply.
The credit is payable over the two years following the year in which the work is carried out.
Qualifying works must be carried out on or after 25th October 2013 and up to 31st December 2015.
Please note that homeowners can only claim the relief under the Home Renovation Incentive if their Local Property Tax (LPT) and Household Charge obligations are up to date.
For further information on the Home Renovation Incentive (HRI) Scheme please contact Hi-Tech Steel Buildings today on; + 353 (0) 873371855.
Alternatively please email; email@example.com.
See a copy of the Home Renovation Incentive (HRI) Guide for Homeowners.