Looking for a grant to replace your windows?
The Home Renovation Incentive Scheme is a scheme which was introduced back in October (we wrote this very helpful blog post on it back then!). A few of you have been asking about the scheme – so we decided to do another post about it.
In a nutshell, the Home Renovation Incentive Scheme allows homeowners to claim tax relief on repairs, improvements and renovation work between now and the 31st of December 2016 (if building is scheduled for after the 31st of December 2015 but you have planning permission, the incentive is extended until 31 March 2017).
The HRI scheme has now been extended to rental properties.
In order to qualify a few loops must be jumped through…
The window for claiming under the Home Renovation Incentive Scheme is after the end of the tax year, under the conditions that you have met the qualifications outlined above. Unused tax credits will be rolled over onto the following year.
There is currently an administration system in development specifically for the Home Renovation Incentive scheme which will handle all registrations electronically. Until it is released in April 2014, applicants are advised to ensure that their affairs are in order. That means paying any outstanding local property taxes and household charges, making sure that the contractor carrying out the work is fully legible (VAT registered and tax compliant), and keeping all support documentation such as receipts and estimates on file.
When the administration is released, contractors will register in advance of work, include a description, address and will estimate costs and end dates. Home owners will be required to review the registration to make sure that the contractor qualifies. The contractor will then enter received payments from the homeowner and tax-credits will be applied from thereon.
Here at Regency Windows, we are Dublin’s experts in window and door installation. We take pride in every job we do, with each job being just as important as the last.
Why not make use of what you are entitled to and get yourself onto the Home Renovation Incentive Scheme. Call us today and organise your home improvement!
Fore more information on the Home Renovation Incentive Scheme, check out Revenue.ie
Here at Regency Windows, we take absolute pride in each and every job we do – no matter how big or small.
Many of our customers ask us, are triple glazed windows worth the investment?