HRI Scheme with Bathrooms 4U

Bathrooms4U are HRI contractors.

The Home Renovation Incentive (HRI) Scheme provides for tax relief for Homeowners and Landlords by way of an Income Tax credit at 13.5%. This tax can be claimed on qualifying expenditure on repair, renovation or improvement works carried out on the main home or rental property by qualifying Contractors.

The amount of the HRI tax credit depends on the amount spent on qualifying works. Tax relief can be claimed on qualifying expenditure over €4,405 (before VAT at 13.5%) per property.

The tax credit is only available against Income Tax paid.

Examples of repair, renovation or improvement works that qualify under the Incentive scheme include:

painting and decorating, rewiring, tiling, supply and fitting of kitchens, extensions, garages, landscaping, supply and fitting of solar panels, conservatories, plastering, plumbing, bathroom upgrades, supply and fitting of windows and doors, attic conversions, driveways, septic tank repair or upgrade, supply and fitting of built in wardrobes, conversion of a residential premises into multiple rental units, supply and fit of alarm systems.

The great news is the scheme extended to 31st December 2018. Homeowners can combine a few jobs together as long as they will all be finished in one calendar year (1/01/2017 till 31/12/2017) and done by HRI registered contractors.

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For more information on the H.R.I scheme you can check out the Revenues information page