Launched by Michael Noonan in Budget 2014, The Home Renovation Incentive Scheme (HRI) offers a temporary window in which homeowners can save 10pc on construction and up-grading work at a time when labour costs for home improvements are at their lowest in 15 years.
The scheme allows a VAT clawback of up to €4,050 on the 13.5pc VAT rate applied to work costing between €5,000 and €30,000 and which is carried out between October 25, 2013 and December 31, 2014. Article from today's Independent on the pros and cons of the Scheme. Link to page here -http://www.independent.ie/lifestyle/property-homes/your-complete-guide-to-home-renovation-incentives-29965606.html
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