Home Renovation Scheme Benefits all Home Owners
The Home Renovation Incentive (HRI) scheme enables homeowners or landlords to claim tax relief on repairs, renovations or improvement work 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).
ENERGLAZE has registered almost 600 of its customers for the scheme and expects a significant increase in this number.
In effect, as the VAT charged on this kind of work is 13.5%, Revenue are giving you back your VAT and encouraging householders not to support the black economy.
Rules & Rates
- To qualify for the HRI as an owner-occupier, the work must be carried out on your principal private residence. Landlords can qualify in respect of work done on their rental properties.
- The type of work that qualifies for the HRI is repair, renovation or improvement work that is subject to VAT at 13.5%. This includes the fitting of windows, extensions, garages & attic conversions, kitchen supply & fitting, and more.
- The qualifying work must cost at least €4,405 before VAT at 13.5%, which adds to a total of €5,000 with VAT included. You will only get the tax credit in relation to a maximum of €30,000 (before VAT) during the 2 years covered by the HRI.
In October 2016 it was announced that the HRI would be extended for a further two years
, up to 31 December 2018.
Energlaze employs the latest in glass technology to produce insulated glass units (IGU’s) that are as efficient as triple-glazing and are suitable for all window types including uPVC, Aluminium & Timber. You benefit from a lighter, brighter, warmer and more energy efficient home thanks to the advanced thermal insulation from our krypton or Argon filled units with integrated warm space bar. Energlaze units are up to 64% more efficient than standard Double Glazing.
“We upgraded the glass in our uPVC frames in the front of the house to start with and we were so pleased with the result we did the rest of the house. Whole process was top class from start to finish including issuing of guarantee and certificates-friendly and informative throughout.”
D King, Dunlaoghaire, Co. Dublin
“We have installed Energlaze high energy-efficient double-glazing, while still allowing us the privilege of retaining our existing teak frames. Attention to detail by installers was excellent. No mess, no fuss. Highly recommended.”
A & R Glanton, Cork
“We had a mix of window frames teak single-glazing in one part and aluminium single glazing in the other the house was cold but we really didn’t want to change the window frames. Energlaze sent 2 different crews to our house one team of carpenters worked on the teak windows and the other worked on the aluminium - they did an excellent job and we are really feeling the benefits.”
F Walsh, Gorey, Wexford