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Replacement Windows & Doors SunBright
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      The Home Renovation Scheme Incentive applies for qualifying work carried in 2018
What are the qualifying amounts 
Home Renovation Incentive Scheme 
The Scheme provides for tax relief for home owners by way of a tax credit at 13.5% of qualifying expenditure on repair, renovation or improvement work carried out on a principal private residence. Qualifying expenditure is expenditure subject to the 13.5% VAT rate. The work must cost a minimum of €5,000 (inclusive of VAT) which would attract a credit of €595. Where the cost of the work exceeds €34,050 (inclusive of VAT), a maximum credit of €4,050 will apply. Home owners must be Local Property Tax Compliant (LPT) compliant in order to qualify under the Scheme. The Scheme will be administered through Revenue's online systems. How is the tax credit refunded to me Refunds will be refunded by way of Tax Credits which will be paid over the following 2 years (if work is carried out in 2018, the rebate will apply for 2018 & 2019 tax years) What type of home improvement is covered Window and Doors replacement and installation, Extensions, Plastering and plumbing. The Home Renovation Incentive Scheme provides for a tax credit for home owners on repair, renovation or improvement work to a principal private residence. Is there a minimum and maximum amount for the repair, renovation or improvement work? Qualifying work must cost a minimum of €5,000 including VAT. While there is no upper limit on the cost of work, the maximum tax credit is linked to qualifying expenditure on work costing €34,050 including VAT. Is there a minimum and maximum tax credit? The minimum tax credit is €595 (based on qualifying expenditure of €5,000 (including VAT) x 13.5%) and the maximum is €4,050 (based on qualifying expenditure of €34,050 (including VAT) x 13.5%). The tax credit is non refundable so any unused tax credit will roll forward to the next year. The tax credit is payable over the two years following the year in which the work is carried out. When does the Scheme begin and how long will it last? The scheme applies to repair, renovation or improvement work commenced on or after 25th October 2013 and carried out during 2013 to 2018. What type of work is covered? Repair, renovation or improvement work to a principal private residence, which is subject to VAT at 13.5%, is covered. Items such as furniture, white goods and carpets are not covered. Will the value of my Property for LPT purposes change as a result of the repair or improvement work? No. The valuation of your property for LPT purposes on 1 May 2013 will stay the same for 2013, 2014, 2015, 2016 and 2018 no matter what improvements you make to your property. If the Owner doesn’t pay tax, can someone else pay for the work and claim the tax credit? No. The tax credit is only available to the owner occupier. Who is eligible under the Scheme? · Owner occupiers of a principal private residence who are tax compliant are eligible.          Specifically, the home owner’s  LPT and household Charge must be up to date   At what stage can I claim the tax credit? The tax credit can be claimed after the work is completed. How will I claim a tax credit under the Scheme? The scheme will operate through Revenue’s online systems - ROS, eRCT, PAYE Anytime, LPT online.  
The 2014 Budget provides for a Home Renovation Incentive Scheme which will now run from                 Now Extended  to 31st December 2018. Click here for Free Quote Visit our Blinds Website Home Windows Composite Doors PVC Doors Blinds Locks & Accessories Testimonials Home Renovation Scheme About Us Contact Us Downloads More Details   Triple Glazing For  Price DoubleGlazing More Details More Details     Windows Replaced On All Free Blinds More Details