Sunday, 19th August 2018
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Home Renovation Incentive Scheme

Q My partner and I own our home and want to extend it this year. Would we qualify for a tax credit for the work, and if so, how do we apply?

AThe Home Renovation Incentive (HRI) scheme lets homeowners, landlords and local authority tenants claim tax relief on the cost of repairs, renovations or improvement works carried out on their main home or rental property.

To qualify for the HRI, you must be paying income tax and be up to date with your Local Property Tax (LPT). The work must be carried out by a contractor who is registered for Value Added Tax (VAT) and is tax-compliant.

Any repair, renovation or improvement work subject to VAT at 13.5% qualifies for the scheme, so your proposed extension would be covered. Work that is subject to VAT at 23% (such as architect

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