Home Renovation Incentive Ireland
Finally some relief for those looking to upgrade their septic system! Finance (No 2) Bill 2013 provides for a Home Renovation Incentive (HRI) scheme, which will run from 25 October 2013 to 31 December 2015. The Incentive provides for tax relief for Homeowners by way of an Income Tax credit at 13.5% of qualifying expenditure on repair, renovation or improvement works carried out on a main home by qualifying Contractors.
Included in the works that are eligible for the upgrades are septic systems. Unlike Irish Water’s grants available, you do not have to be registered, inspected or failed to avail of this grant. So anyone looking to do some ground works to their existing septic system are encouraged to take advantage of this opportunity. To see the Irish Revenue’s site relating to this scheme click here;
Home Renovation Incentive
In essence you will save 13.5%, with minimum and maximum benefits of €595 to €4050 depending on the total cost of works minus any other grants or benefits you avail of. Please go to the revenue.ie website via the link above for more details.