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Home Renovation Incentive Scheme (HRI)

Home Renovation Incentive Scheme (HRI)

House Renovation Scheme The

Home Renovation Incentive

(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 and 31 December 2018. The minimum spend to qualify for the scheme is €5,000 including VAT which would entitle the homeowner to a tax credit of €595. The maximum tax credit available is €4,050, which equates to a spend of €30,000. Why not take advantage of these great savings and upgrade your

windows and doors

today or carry out essential repairs and

renovations

.
This informative video explains the Home Renovation Incentive from the Homeowner point of view