Tax scheme sees €300m spent on home improvements

30th December, 2014

Homeowners have spent close to €300 million on home improvements since October 2013, spurred on by a new tax incentive scheme.

The Home Renovation Incentive (HRI) scheme which provides a tax credit for homeowners for qualifying expenditure on repair, renovation or improvement work carried out on their homes by tax compliant contractors.

According to Revenue figures, nearly 18,000 home improvement projects valued at €279 million have been carried out under the scheme.

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