Are you a homeowner based in the Republic of Ireland? Thanks to the new ROI Home Renovation Tax Incentive Scheme you can now get the equivalent of the VAT back on your home renovation work. This includes landscaping paving and walling products purchased from Tobermore.
Tobermore and other Construction Groups across Ireland have welcomed this new scheme which will run for the next two years and provides a tax credit of 13.5% on money spent on renovations between €5, 000 and €30, 000. Minister for Finance, Michael Noonan, has said that qualifying work for this incentive will also include work such as window-fitting, plumbing, tiling and plastering. The Society of Chartered Surveyors Ireland (SCSI) has noted that this is good news as the incentive will encourage people to use registered builders and discourage black market construction which is damaging standards in the sector.
For full details on the HRI scheme, visit http://www.revenue.ie/en/tax/it/reliefs/hri/hri-general-faqs.html