The Home Renovation Scheme is ending on the 31st December 2018. To avail of the scheme you should contact us before October 17th to ensure you qualify.
Reclaim the VAT on your Garden Room through the Government’s Home Renovation Incentive (HRI) Scheme.
The 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 your 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 maximum Incentive is therefore €4,050.
The Budget 2016 has provided for a Home Owners Renovation Scheme which will run from the 1st of January 2015 to the end of December 2016. This scheme provides for a tax credit at 13.5% for homeowners on repair, renovation or improvement work to your home.
Please note that In order to qualify for the HRI, the following need apply:
Any contractor that you use must be registered for VAT in Ireland and be tax-compliant. Garden Rooms complies with these requirements. Each time you make a payment, Garden Rooms will enter the details of the works completed and payments received onto the Revenue Online System.
For more information you can download the HRI summary provided by Revenue.ie.