In Focus: renovating your home

In Focus: renovating your home
Budget 2016 has, as previously signalled, extended the government’s popular Home Renovation Incentive

Budget 2016 has extended the government’s popular Home Renovation Incentive (HRI) scheme for a further year

Budget 2016 has, as previously signalled, extended the government’s popular Home Renovation Incentive (HRI) scheme for a further year.

The scheme, which was introduced in October 2013, was due to finish up at the end of this year, but will now run for an additional 12 months.

The HRI scheme provides homeowners with an income tax credit of 13.5 per cent for qualifying expenditure on repair, renovation or improvement work carried out on their homes, once the...

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