The HRI scheme has been extended to include rental properties owned by an individual and occupied by a tenant, where the tenancy is registered with the Private Residential Tenancies Board (PRTB).

Tax Credit

The HRI scheme gives tax relief to homeowners in the form of a tax credit who use VAT registered and tax compliant contractors to carry out qualifying renovations and improvements to their principal private residence or rental property situated in the state. The amount of the tax credit is 13.5% of qualifying expenditure ranging between €4,405 and €30,000 excluding VAT. The tax credit is awarded over a two year period commencing in the year after the year in which the qualifying works are carried out and paid for. N.B. the HRI scheme is due to come to an end on 31st December 2015.

What Questions Do You Have?

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