Home Renovation Incentive (HRI) scheme enables homeowners or landlords to claim tax relief on repairs, renovations or improvement work that is carried out on their main home or rental property by tax-compliant contractors and that is subject to 13.5% VAT.
The HRI is paid in the form of a tax credit at 13.5% of qualifying expenditure, which can be set against you income tax over 2 years. This effectively reduces the rate of VAT to zero on qualifying work, up to a value of €30,000. the minimum qualifying expenditure is €4405.
In order to qualify for the HRI, the work must be done between 25th October 2013 and 31st December 2016 for home owners and 15th October 2014 and 31st December 2016 for landlords. This has now been extended until 31st December 2018.
Rules: To qualify for the HRI as an owner-occupier, the work must be carried out on your principle private residence.Landlords can qualify in respect to work done on their rental properties.
Whether you are a homeowner or landlord, you must be up to date with your Local Property Tax and if applicable, the household charge. You must be paying income tax , whether under PAYE or self-assessment to avail of the HRI. More details can be found on the revenue website