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Revenue have launched its new Electronic Home Renovation Incentive.
An income tax credit of 13.5% to a maximum spend of €30,000 qualifying expenditure incurred to include repair, renovation or improvement work on their home is available once the contractor carrying out the work is tax compliant.
Homeowners can use the online system ROS, in advance of the work starting to check that the contractor is tax compliant.
Contractors must enter details of qualifying works undertaken and payments received for through a HRI link on ROS.
The homeowner can only claim the tax credit if details of the work and payment information are filed online, also property tax and household charges must be paid up to date.
Contact Jimmy Dolan with your queries and comments. OSK Accountants Dublin are a leading firm of Accountants, providing quality accounting services since 1985. Find out more about our professional services today.
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