Castle Cabinets can offer you a 13.5% discount with the Home Renovation Incentive
The Home Renovation Incentive (HRI) is a relief from Income Tax (IT) for homeowners, landlords and local authority tenants. You can claim the HRI Tax Credit for repairs, renovations and improvements to your home or rental property.
To be eligible for HRI:
The HRI is an online only scheme for homeowners and landlords. If you pay tax through PAYE, use myAccount to claim the HRI Tax Credit. If you pay tax through self-assessment, use Revenue Online Service (ROS) to claim the HRI Tax Credit.
To qualify for the tax relief, you must have paid Value-Added Tax (VAT) at 13.5% on the work done to your property. Examples of qualifying works include:
To qualify for the Home Renovation Incentive (HRI) Tax Credit, you must spend at least €4,405 on each qualifying property. This figure is before Value Added Tax (VAT) of 13.5% is added. The total cost can be from one job or from a number of jobs on the property. It can also be done by one or more qualifying contractors. Any work that you claim for must be done and paid for within the allowed time period of the incentive.
You can claim the HRI Tax Credit up to a maximum of €30,000 of your total cost. This figure is before VAT of 13.5% is added. You may spend more than this on the work to your property. If you do, the amount above €30,000 will not be taken into account.
For what period of time is it valid?
For homeowners the incentive applies to improvement work carried out and paid in full relating to principal private residences after 25 October 2013 and up to 31 December 2018. For non corporate landlords the incentive applies to improvement work carried out and paid in full after 15 October 2014 and up to 31 December 2018.
Castle Cabinets would be delighted to discuss your project and calculate the savings you could make on your renovation project. Please call into our showrooms,
Nr. 1 The Parade,
Kilkenny. ( opposite Kilkenny Castle )
Or alternatively, Phone 056 77 64800 for more information on this fabulous government grant offer,