Home Renovation Incentive (HRI)

The Home Renovation Incentive provides for tax relief for homeowners by way of a tax credit at 13.5% of qualifying expenditure incurred on repair, renovation or improvement work carried out on a homeowner’s only or main residence. Section 5 of the Finance (No. 2) Act 2013 which introduced a new section - Section 477B - into the Taxes Consolidation Act 1997 refers. A comprehensive manual Part 15-01-43 on the operation of the Incentive is available on the Revenue website in the Income Tax, Capital Gains Tax and Corporation Tax folder.

24 April 2014